Political forces: Multiple Choice 1. affect the price mechanism through cultural norms. 2. affect the price mechanism through the legal system. 3. affect the price mechanism through scarcity. 4. do not affect the price mechanism.

Question

Social Studies

Keyla Livingston

14 August, 14:45

Political forces: Multiple Choice 1. affect the price mechanism through cultural norms. 2. affect the price mechanism through the legal system. 3. affect the price mechanism through scarcity. 4. do not affect the price mechanism.

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Answers (1)

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Gunnar Tyler · Answer 1

2. Affect the price mechanism through the legal system

Explanation:

Political forces are parties, personalities or pressure groups that strongly influence the economic and political stability of a country through their actions and pronouncements.

Price control law can be enacted through political force.

Price control is a regulatory mechanism used by the government to achieve the social-economic goals of the country by supplementing efforts with direct and indirect control instruments. Price controls are simply government restrictions on prices of goods and services in the market.