Quotas Are More Effective Than Price Controls Because,unlike Price Controls,quotas

question 49

True/False

Quotas are more effective than price controls because,unlike price controls,quotas do not cause deadweight loss.

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Definitions:

Endoscopic Retrograde Cholangiopancreatography

A medical procedure that combines the use of endoscopy and fluoroscopy to diagnose and treat conditions related to the bile ducts, pancreatic duct, and gallbladder.

Lower Esophageal Sphincter

A muscular ring at the lower end of the esophagus that controls the flow of food from the esophagus into the stomach.

Alimentary Canal

The digestive tube extending from the mouth to the anus, through which food is ingested, digested, absorbed, and waste material expelled.

Amylase

An enzyme that catalyzes the hydrolysis of starch into sugars, found in the saliva and pancreatic fluid of humans.