Which Statement Is TRUE in a Market with a Price

question 319

Multiple Choice

Which statement is TRUE in a market with a price ceiling?

• A) Buyers and sellers experience unexploited gains from trade.
• B) Resources are allocated to their most efficient uses.
• C) The supply of goods is sold by the sellers with the lowest costs.
• D) The supply of goods is bought by the buyers with the highest willingness to pay.

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Definitions:

Executive Order 11246

A U.S. Presidential mandate that requires government contractors to practice affirmative action and prohibit discrimination on the basis of race, color, religion, sex, or national origin.

Bona Fide Occupational Qualification

A legal term that allows employers to make hiring decisions based on specific attributes when those attributes are essential to the job.

Disparate Treatment

A form of discrimination where individuals are treated differently based on protected characteristics, such as race, gender, age, or religion, in employment and other settings.

Disparate Impact

A concept in employment law where policies or practices have a disproportionately adverse effect on a protected group, even if unintentional.