Prohibiting price increases in situations of true scarcity
a. prevents the market mechanism from reallocating resources more efficiently.
b. discourages production.
c. may lead to extreme shortages of vitally needed products.
d. All of the above are correct.
d
Economics
You might also like to view...
An economic system characterized by private ownership of the factors of production and economic activity coordinated through a system of markets and prices is called:
a. capitalism. b. socialism. c. communism. d. none of these.
Economics
The employment rate is measured as the percentage of the
A. Total population that is employed. B. Workforce that is employed. C. Nonmilitary population that is employed. D. Adult population that is employed.
Economics