Why Do Policymakers Choose to Enact Price Controls in a Market

question 63

Multiple Choice

Why do policymakers choose to enact price controls in a market

• A)They believe the market's outcome to be unfair.
• B)Enacting price controls will directly increase tax revenues.
• C)They are required by law to improve market conditions.
• D)They believe that the market system is inefficient and their actions will improve efficiency.

---

Definitions:

Protected Classes

Groups of people legally shielded from discrimination, based on characteristics such as race, gender, age, and religion.

Equal Pay Act

Statutes established to eradicate pay imbalances along gender lines, ensuring equal remuneration for men and women performing work of equal worth.

Wages Paid

Monetary compensation or salary disbursed to employees for their labor or services during a specific period.

Major Life Activity

refers to activities that are of central importance to daily life, such as walking, seeing, hearing, speaking, breathing, learning, and working, often used in legal contexts concerning disability.