Multiple Choice
If the government imposes price controls and prevents prices from adjusting naturally to supply and demand,
A) it equates the amount buyers are willing and able to buy with the amount sellers are willing and able to supply.
B) it adversely affects the allocation of resources.
C) it improves both equality and efficiency.
D) it improves efficiency.
Correct Answer:

Verified
Correct Answer:
Verified
Q70: Entrepreneurship is:<br>A)human capital.<br>B)another word for the financial
Q71: The opportunity cost of an airplane flight:<br>A)differs
Q72: All of the following are tangible goods
Q73: Economists believe that people respond to incentives
Q74: Every choice has a cost
Q76: Elsie owns a dairy farm and Elmer
Q77: Which of the following is true?<br>A)Tangible goods
Q78: Which of the following is true?<br>A)Even intangible
Q79: A university offers a free shuttle service
Q80: In markets, information about the relative value