Black Markets May Develop as a Result of Price Controls

question 201

Multiple Choice

Black markets may develop as a result of price controls because:

• A)price controls increase efficiency.
• B)quantity demanded equals quantity supplied at the mandated price.
• C)price controls offer subsidies for market transactions.
• D)individuals can profit by illegal exchanges.

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Definitions:

Tolerate Ambiguity

Tolerating ambiguity refers to the ability to remain productive and calm when situations are uncertain or unclear.

Financial Success

The achievement of financial objectives and stability, often characterized by an individual's or organization's ability to generate and manage wealth effectively.

Job Security

The probability or likelihood of an individual to retain his/her job without the risk of becoming unemployed.

Own Boss

A term used to describe an individual who runs their own business, making decisions independently and being responsible for its success or failure.