Which Statement(s) About Price Ceilings Are TRUE

question 235

Multiple Choice

Which statement(s) about price ceilings are TRUE?
I. Price ceilings cause quantity demanded to exceed quantity supplied.
II. When including time costs and bribes, consumers pay a total price in excess of the price ceiling.
III. All else equal, it is more wasteful to allocate goods based on bribes than on waiting time costs.

• A) I only
• B) II and III only
• C) I and II only
• D) I, II, and III

Appreciate the role of justice, both distributive and procedural, in ethical considerations.

Distinguish between terminal and instrumental values and their impact on ethical behavior.

Understand the ethical implications of actions and decisions in the workplace.

Grasp the concept of ethical dilemmas and how they challenge moral values.

---

Definitions:

Service-learning Projects

Educational experiences that integrate meaningful community service with instruction and reflection to enrich learning and teach civic responsibility.

Parent University

A program designed to educate parents on how to support their child's education and development effectively.

Leadership Roles

Positions of authority and responsibility where individuals guide, direct, or influence the work of others and the direction of an organization or team.

Home Visits

Visits made by educators or social workers to the residences of the people they serve, aimed at offering support and fostering connections outside of traditional settings.