The Presence of Price Controls in a Market Usually Is

question 188

Multiple Choice

The presence of price controls in a market usually is an indication that

• A) an insufficient quantity of a good or service was being produced in that market to meet the public's need.
• B) the usual forces of supply and demand were not able to establish an equilibrium price in that market.
• C) policymakers believed that the price that prevailed in that market in the absence of price controls was unfair to buyers or sellers.
• D) policymakers correctly believed that, in that market, price controls would generate no inequities of their own.

---

Definitions:

Heirs

Legal successors entitled to inherit the property or rights of a deceased individual under the laws of inheritance.

Replacement Planning

A component of succession management focusing on identifying immediate replacements for key roles within an organization.

Succession Management

A strategy to identify and develop future leaders at a company, ensuring a smooth transition and the continued effectiveness of the organization in the face of change.

Employee Characteristic

Attributes or qualities of an individual worker, such as skills, attitudes, and behaviors, that can impact job performance.