Which of the Following Is Not an Example of a Price

question 93

Multiple Choice

Which of the following is not an example of a price ceiling?

• A)The Chinese government sets the price of housing in China below equilibrium.
• B)The government of the former Soviet Union set prices on food below those prevailing in the free market.
• C)In the 1970s,the Nixon administration imposed wage and price controls,thereby keeping wages and prices from rising.
• D)In the late 1970s,the U.S.government required gasoline to be sold at a price per gallon that was below what would have prevailed in a free market.
• E)The U.S.government requires that sugar be sold at a price that exceeds the world price of sugar.

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Definitions:

Negatives

Aspects, characteristics, or conditions that are harmful, undesirable, or unfavorable.

Substituted

Replaced one element with another.

Accurate

Free from errors, mistakes, or distortions; precise and correct in all details.

Negative Expression

Phrasing or wording that conveys a negative connotation or implies something undesirable or less than optimal.