Which of the Following Statements Are True About Price Controls

question 82

Multiple Choice

Which of the following statements are true about price controls used by some local governments?

• A) Price controls are imposed to increase market efficiency.
• B) Price controls seem to be a very effective way to reduce inequities.
• C) Price controls are put into place when it is thought that the market price is in some way unfair or inequitable.
• D) All of the above statements are true.

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Definitions:

Return on Net Worth

A measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.

Financial Metric

A quantifiable measure used to assess the financial performance and health of a business entity.

Stock Price

The current price for which a share of a company is bought or sold on the stock market.

Digitized SCM

The use of digital technology to manage and streamline all aspects of the supply chain process, from procurement to distribution.