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When the Prices of Necessities Such as Gas and Bottled

question 193

True/False

When the prices of necessities such as gas and bottled water rise as a result of a natural disaster, it is efficient for the government to impose price controls to keep suppliers from "price gouging" consumers.


Definitions:

Netiquette

The set of rules and conventions governing respectful and polite behavior in online communication.

Flaming

The equivalent of a verbal lashing on the Internet.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and their transportation costs from the seller's location.

FOB Destination

A shipping term where the seller bears the shipping costs and retains ownership of the goods until they are delivered to the buyer’s location.

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