Which of the Following Statements Is FALSE

question 208

Multiple Choice

Which of the following statements is FALSE?

• A) The rationing function of prices is not allowed to freely operate when the government imposes price controls.
• B) Price controls may take the form of price ceilings or price floors.
• C) Price ceilings below the equilibrium price can cause black markets to develop.
• D) Rent controls are examples of price floors.

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Definitions:

Ladder Rung

A component of a ladder diagram in programmable logic controllers, representing a condition leading to an output action.

XIC Instruction

In programmable logic controllers (PLCs), an "Examine if Closed" instruction that checks if a specific input condition is true or a contact is closed.

XIO Instruction

An instruction in PLC programming that stands for "Examine if Open," used to check if a condition is false.

PLC Chassis

The structural frame that holds and organizes the components of a Programmable Logic Controller, including its power supply, processors, and modules.