Price controls are used during inflationary periods to:
A) control the cost of living.
B) restrict exports to foreign countries.
C) negotiate trade contracts favoring the host country.
D) encourage imports.
E) avoid tax burden on essential items.

Question

Quizplus · Accepted Answer

Essential products that command considerable public interest, such as pharmaceuticals, food, gasoline, and cars, are often subjected to price controls. Such controls applied during inflationary periods can be used to control the cost of living.

Price Controls Are Used During Inflationary Periods To