Why Are Policymakers Led to Control Prices

question 196

Multiple Choice

Why are policymakers led to control prices

• A)They view the market's outcome as inefficient.
• B)They view the market's outcome as inequitable.
• C)Price control policies actually help the average hardworking Canadian.
• D)They are required to do so under the Employment Act of 1946.

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Definitions:

Common Law

refers to law derived from judicial decisions of courts and similar tribunals, as opposed to statutes or regulations.

Employment Standards Act

A body of law that establishes minimum employment conditions such as wages, hours of work, and leave entitlements.

Wrongful Dismissal

Termination of an employee's contract of employment in breach of the contract or without proper legal reason.

Corporate Reorganization

The restructuring of a company’s business operations, such as through mergers, acquisitions, or bankruptcy proceedings, often to increase efficiency or profitability.