Price Controls Are Usually Enacted

question 135

Multiple Choice

Price controls are usually enacted

• A)as a means of raising revenue for public purposes.
• B)when policymakers believe that the market price of a good or service is unfair to buyers or sellers.
• C)when policymakers tax a good.
• D)All of the above are correct.

---

Definitions:

Moral Guide

A set of principles or values that influence an individual's choices and behaviors, defining what is considered right or wrong.

Philosophical

Pertaining to or of the nature of philosophy, which involves the study of the fundamental nature of knowledge, reality, and existence.

Classification

The systematic arrangement in categories or groups based on shared qualities or characteristics.

Civil Law

A legal system based on codified laws and statutes, rather than case law, prevalent in many countries worldwide.