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.
What the Navigation Act of 1651 actually did was reinforce the American (and British) art of smuggling. The Navigation Act of 1663 restated the goals and limits of the prior laws. Yet this law gave something back to the colonies. The Act of 1663 forbade the growth of tobacco in England.