Price ceilings are intended to address the problem of
A. Business bankruptcies.
B. Inefficiency in production.
C. Inequity in the distribution of goods and services.
D. Shortages.
Answer: C
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According to Keynesians, for monetary policy to have a stimulative effect on GDP, a(n):
a. increase in the money supply lowers the interest rate in order to stimulate higher levels of investment. b. increase in the money supply lowers the interest rate in order to lower levels of investment. c. decrease in the money supply lowers interest rate in order to stimulate higher levels of investment d. decrease in the money supply causes the interest rate to rise in order to stimulate higher levels of investment. e. increase in the money supply causes the interest rate to rise in order to stimulate higher levels of investment.
A decrease in the price of a good will cause a decrease in the firm's demand for labor
Indicate whether the statement is true or false