Economists Generally Agree That Price Controls in the U

question 10

Multiple Choice

Economists generally agree that price controls in the U.S. would

• A)increase prices to consumers.
• B)increase the motivation to invent new drugs.
• C)diminish profits to drug companies.
• D)increase the motivation to invent new drugs and diminish profits to drug companies.

---

Definitions:

Supply Management

The process of managing and optimizing the flow of materials, information, and finances as products move from suppliers to manufacturers to wholesalers to retailers to consumers.

Reputational Enhancement

Strategies and practices aimed at improving the public perception and standing of a brand, company, or individual.

Process Management

The administrative activity involved in overseeing the design, operation, and improvement of business processes to achieve organizational goals.

Price Reductions

Decreases in the selling price of goods or services, often to attract more customers or respond to market conditions.