46. Price controls:

Choose the right letter

A. always increase economic efficiency.

B. always lead to more equitable results.

C. can result in inequitable outcomes.

D. all of the above statements are true.

41. In the United States over the last couple of decades, the gap between the wages of skilled and unskilled workers:

a. increased.

b. decreased.

c. stayed the same.

d. increased and then decreased.

37. In a competitive market, if there should be a surplus of a product at a given price:

a. sellers will drive the price down.

b. sellers will drive the price up.

c. buyers will drive the price up.

d. the price will tend to remain constant.