Because a Price Ceiling Causes

question 121

Multiple Choice

Because a price ceiling causes:

• A) a shortage, some form of rationing must occur.
• B) a surplus, some form of rationing must occur.
• C) a shortage, the outcome will be efficient.
• D) a surplus, the outcome will be inefficient.

Understand the consequences of dishonor of a negotiable instrument.

Recognize the conditions under which an instrument may be ratified or signatures are authorized.

Understand the importance of specific endorsements and the liability they entail.

Recognize the definitions and differences between primary and secondary liability.

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Definitions:

Displacing

Redirecting emotional impulses from a primary target to a secondary target that is considered less threatening or more acceptable.

Denial and Repression

Defense mechanisms in psychology wherein denial involves refusing to acknowledge reality, while repression involves unconsciously blocking unpleasant thoughts and feelings.

Projection and Denial

Defense mechanisms; projection involves attributing one's own unacceptable thoughts or feelings to others, while denial involves refusing to acknowledge reality or facts.

Projection and Rationalization

Projection and rationalization are defense mechanisms; projection involves attributing one's own unacceptable thoughts or feelings to others, while rationalization involves justifying behaviors or feelings with seemingly logical reasons to avoid the true explanation.