Perhaps the biggest single criticism of price controls has been that they
A) encourage inefficient use of scarce resources.
B) tend to be harder on agriculture than on other segments of the economy.
C) invariably promote the very inflation they seek to quell.
D) are impossible to enforce in the short run.
E) have no effect on free markets.
Correct Answer:
Verified
Q62: In a free market,a price ceiling
A) encourages
Q63: Surpluses generally result from
A) price floors.
B) equilibrium
Q64: The strategy used by the cattle ranchers
Q65: Many observers feel that price controls imposed
Q66: Price supports are generally designed to
A) help
Q68: One of the major long-term effects of
Q69: The political dilemma facing the Eastern European
Q70: When price ceilings on beef were imposed
Q71: As Eastern European economies embraced capitalistic processes
Q72: A price ceiling often necessitates that
A) the
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