Price Controls Are Used During Inflationary Periods To

question 95

Multiple Choice

Price controls are used during inflationary periods to:

• A) control the cost of living.
• B) restrict exports to foreign countries.
• C) negotiate trade contracts favoring the host country.
• D) encourage imports.
• E) avoid tax burden on essential items.

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Definitions:

Business Activity

The various actions undertaken by individuals or entities engaging in commercial, industrial, or professional operations.