Economists Are Reluctant to State That Price Controls Are Desirable

question 33

Multiple Choice

Economists are reluctant to state that price controls are desirable or undesirable because

• A)it is impossible to evaluate the impact on quantity demanded and quantity supplied as a result of price controls.
• B)whether the gains from the winners exceed the losses from the losers is not strictly an economic question.
• C)sometimes price controls result in increases in economic efficiency and sometimes they result in decreases in economic efficiency.
• D)economists are reluctant to conduct positive analysis of price controls.

Recognize the importance of networking, both within and outside the organization, for effective management.

Understand the tools and documents used by managers to plan and organize tasks.

Comprehend the decision-making process and the considerations involved in making organizational decisions.

Recognize the importance and methods of monitoring the outcomes of decisions in an a managerial context.

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Definitions:

Premature Ejaculation

A sexual dysfunction characterized by ejaculation that occurs sooner than desired, either before or shortly after penetration.

Refractory Periods

The phase during which a cell or organ is unresponsive to further stimulation immediately following an action potential.

Need To Belong

A fundamental human motivation to form and maintain strong, stable interpersonal relationships.

Ostracism

The exclusion or rejection from a society or group.