What Are the Major Problems That Will Tend to Arise

question 214

Multiple Choice

What are the major problems that will tend to arise if there are legal limits on the movement of prices?

• A)favoritism and corruption of officials and market participants 
• B)unenforceability of laws and higher costs of transactions 
• C)increasing restrictions to enforce the laws 
• D)misallocation of resources as prices no longer correspond to costs 
• E)All of the above are correct.

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Definitions:

Inverted Pyramid

A writing structure used in journalism that presents the most important information first, followed by lesser details.

Similes

Figures of speech that compare two different things using "like" or "as" to highlight similarities.

Scope

The extent or range of view, outlook, application, operation, or effectiveness.