A Possible Explanation for Government Price Controls Is That They

question 10

Multiple Choice

A possible explanation for government price controls is that they

• A)reflect the preferences of the consuming public.
• B)benefit society.
• C)benefit those with the greatest need.
• D)permit some firms with political power to benefit, at a cost to society.
• E)increase economic efficiency.

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Definitions:

Effective Goals

Objectives that are specific, measurable, attainable, relevant, and time-bound, facilitating clearer paths to achievement.

Self-Determination Theory

A theory of motivation that emphasizes the role of psychological needs in the development of human potential and personality.

Motivational Impact

The influence of various factors on an individual's willingness to pursue goals or perform tasks.

Realistic Goal

An objective that is achievable and practical, considering the available resources, constraints, and individual capabilities.