Let's take a closer look at an example. A price ceiling is the maximum price that can be charged. If the price is set below the equilibrium price, the price ceiling is said to be effective (or binding).
Criminal vagrancy laws were originally aimed at those wanderers and. beggars physically capable of working.24 However, in 1744 vagrancy. crimes were divided into three classes: idle and disorderly persons, rogues and vagabonds, and incorrigible rogues.
By combining the demands of the Navigation Acts of 1660, the effects of mercantilism, the use of tobacco as a single source of revenue and the geography of Virginia our view of Baconâs Rebellion need to change.