Question

Which of the following is applied to essential products that command considerable public interest during inflationary periods to control the cost of living?

1) price controls
2) exchange controls
3) antidumping duties
4) import restrictions
5) local-content laws

Answer 1

The correct answer is price controls. Price controls are laws that governments enact to regulate prices.

Step-by-step explanation:

The correct answer is price controls. Price controls are laws that governments enact to regulate prices. During inflationary periods, price controls may be applied to essential products that command considerable public interest in order to control the cost of living.