Governments Continue to Impose Price Controls

question 136

Multiple Choice

Governments continue to impose price controls.Which statement is NOT a valid reason for this?

• A)Some people do benefit from such price controls.
• B)People fear that prices will change dramatically if the price controls are removed.
• C)It is politically expedient to enact regulations that benefit influential voting groups.
• D)Price controls are always effective.

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Definitions:

Vertical Loading

A management approach that involves giving employees at all levels more responsibility and autonomy, aiming to increase engagement and motivation.

Job Characteristics Model

A theory that proposes that the nature of a job in terms of variety, autonomy, task identity, task significance, and feedback can influence job satisfaction and motivation.

Job Characteristics Model

A theory that proposes that the nature of a job itself affects employee motivation, job satisfaction, and performance, focusing on five core job dimensions: skill variety, task identity, task significance, autonomy, and feedback.

Task Identity

Refers to the degree to which a job requires completion of a whole and identifiable piece of work, making it possible to see the outcome of one's efforts.