Discrimination Is an Example of a Rationing Mechanism That May

question 5

True/False

Discrimination is an example of a rationing mechanism that may naturally develop in response to a binding price floor.

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Definitions:

Scienter

Knowledge of wrongdoing or fraudulent intent, often a necessary element in fraud cases.

Intent To Deceive

A deliberate act or condition of willfully misleading someone or concealing the truth to gain an unfair advantage.

Undue Influence

Excessive pressure or manipulation exerted by one individual over another to the extent it overcomes the victim's free will, often discussed in contexts of contracts and wills.

Nondisclosure

An agreement or principle that prevents the sharing of confidential or proprietary information with unauthorized parties.