Which Statement Is False

question 165

Multiple Choice

Which statement is false?

• A)Rent control is a price floor.
• B)Usury laws can lead to a surplus of loanable funds.
• C)The government,to encourage family farms to stay in business,created price ceilings for corn and wheat.
• D)Price ceilings prevent prices from falling.
• E)All these statements are false.

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Definitions:

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental changes over time.

Direct Materials Price

The cost per unit of raw materials that are used directly in the production of goods.

Nonmanufacturing Costs

Expenses that are not directly related to the production of goods, including selling, general, and administrative expenses.

Selling

The process or act of promoting and distributing products or services to customers.