Price Gouging Laws

question 158

Multiple Choice

Price gouging laws

• A) are necessary and proper to prevent predatory pricing on victims of disasters.
• B) keep distressed markets in equilibrium by maintaining "normal" prices.
• C) restrict entrepreneurial behavior and consumer choice.
• D) are enacted to encourage government-sponsored relief efforts.
• E) have little effect on distressed markets and thus are irrelevant.

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Definitions:

Filamentous

Describes a thread-like shape, often referring to the structure of certain bacteria, fungi, or algae.

Absorbs Food

The process by which nutrients from ingested food are taken up by the body, typically occurring in the intestines.

Nuclei

The plural of nucleus, referring to the membrane-bound organelle that contains a cell's DNA and controls its growth and reproduction.

Resistant Bacteria

Bacteria that have developed the ability to survive exposure to antibiotics.