Which Statement Is False

question 154

Multiple Choice

Which statement is false?

• A)Rent control is a price ceiling.
• B)Usury laws can lead to a surplus of loanable funds.
• C)The government,to encourage family farms to stay in business,created price supports for corn and wheat.
• D)Price ceilings prevent prices from rising.

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Definitions:

Producing Component

A part or element in a manufacturing process that is being made into a final product.

Purchasing Externally

The process of acquiring goods, services, or works from an outside external source, often through a tendering or competitive bidding process.

Third-Party Logistics

External companies hired to manage all or part of another company’s logistics functions, including transportation, warehousing, and distribution.

Outsourcing

The practice of hiring third parties to perform services or produce goods traditionally performed or made in-house, to reduce costs or improve efficiency.