Government-Imposed Quantity Restrictions

question 319

Multiple Choice

Government-imposed quantity restrictions

• A) generate a higher price for the good than would prevail under freely competitive markets.
• B) generate a lower price for the good than would prevail under freely competitive markets.
• C) does not affect the price of the good because quantity restrictions always ban sale of the good completely.
• D) can cause prices to either be higher or lower, but always cause excess quantities supplied to develop.

---

Definitions:

Wertheimer

A surname that may refer to various individuals, often requiring additional context to identify a specific person or their contribution.

Microallocation

The distribution of limited healthcare resources to specific individuals based on certain criteria, often within a smaller, more immediate context.

Commercial Organ Procurement

The practice of buying and selling organs for transplantation, often criticized for ethical concerns, including exploitation and inequity in access to transplant surgeries.

Human Dignity

The inherent worth of all individuals, demanding respect and ethical treatment in all circumstances.