When policymakers impose price controls, they
a. are usually following the advice of mainstream economists.
b. usually improve the efficiency of economic activity.
c. distort the signals that normally guide the allocation of resources.
d. demonstrate a willingness to sacrifice equity in order to improve efficiency.
C
You might also like to view...
To satisfy the admission criteria to the European Union, a country must meet all of the following, EXCEPT:
A) maintain an inflation that is equal to the average of the three lowest rates. B) maintain long-term interest rates equal to that of the three countries with the lowest inflation rates. C) maintain a pegged exchange rate, without any revision for two years. D) cut down taxes to the lowest possible level.
In the United States, the average level of educational attainment is approximately a
a. primary education. b. secondary education. c. higher education. d. graduate-level education.