An Unintended Consequence of Price Floors Is

question 67

Multiple Choice

An unintended consequence of price floors is:

• A)non-price rationing must occur,and can lead to bribes.
• B)the cost to taxpayers if the government buys all surplus.
• C)the loss of surplus always outweighs the benefits of the policy.
• D)the transfer of surplus from consumer to producer is rarely recognized.

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Definitions:

Nitrogenous Constituent

A component consisting primarily of nitrogen, found in organic compounds or biological systems.

Glycosuria

The presence of glucose in the urine, typically an indication of diabetes mellitus.

Bilirubin

A yellow compound that occurs in the normal catabolic pathway that breaks down heme in red blood cells, its levels are tested to check liver function.

Acute Glomerulonephritis

Rapid onset inflammation of the glomeruli, which are small structures in the kidneys that filter blood.