Author Question: In general, company representatives can cite all of the following consequences in arguing against ... (Read 38 times)

Chelseaamend · **on:** Jun 29, 2018

In general, company representatives can cite all of the following consequences in arguing against price controls except:
a. noninflationary wage increases are forestalled.
b. the minimum price often becomes the maximum price if a sector is allowed a price increase, because all businesses in the sector will take it regardless of cost justification.
c. the wage-price spiral advances vigorously in anticipation of controls.
d. labor often turns against restrictions because they are usually accompanied by an income policy or wage restrictions.

Question 2

Under the UCC, the risk of loss is with the buyer until the title passes to the seller.
a. True
b. False
Indicate whether the statement is true or false