Author Question: Price controls A) do not include black markets. B) are another name for the price system. C) do ... (Read 101 times)

casperchen82 · **on:** Jun 29, 2018

Price controls

A) do not include black markets.
B) are another name for the price system.
C) do not include rent controls.
D) interfere with the rationing function of prices.

Question 2

When an economy sacrifices production of consumption goods to produce more capital goods, we would expect that the production possibilities curve will

A) shift outward.
B) shift inward.
C) become a straight line.
D) shift about in random fashion.