Why Do Many Consumers and Politicians Advocate for Price Controls

question 222

Multiple Choice

Why do many consumers and politicians advocate for price controls?

• A) Price controls are the only way for the poor to obtain certain goods when prices rise.
• B) Most consumers and politicians do not advocate for price controls, because they understand their negative consequences.
• C) Price controls appear to be a straightforward response to the problem of price increases.
• D) The gains in consumer surplus typically outweigh the loss in producer profits.

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Definitions:

Prevention

The act of stopping something from happening or arising, often referring to measures taken to prevent diseases or accidents.

Illness Care

The management and treatment of a patient suffering from disease or injury.

Minimum Data Set

A standardized set of clinical and functional status elements that forms the foundation of the comprehensive assessment for all residents of long-term care facilities or settings.

Nursing Center

A facility or service that focuses on providing nursing care and medical attention for individuals who require it, often in a community setting.