The Shortages That Result from Imposing Price Controls

question 69

Multiple Choice

The shortages that result from imposing price controls:

• A) are rarely recognized by the public as a result of the price controls themselves.
• B) typically lead the public to lobby politicians to repeal the price controls.
• C) only last for a short while until markets can adjust to the new lower prices.
• D) create higher prices.

---

Definitions:

Childrearing Practices

The methods, strategies, and cultural norms used by caregivers to nurture, educate, and socialize children.

Education

A systematic process of facilitating learning, knowledge, skills, values, and habits through various means such as teaching, training, research, or personal development.

Enculturation

The gradual acquisition of the characteristics and norms of a culture or group by a person, another culture, etc.

Spatial Orientation

The ability to recognize one's position in space relative to the environment, involving the understanding of directions, distances, and locations.