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.
The growth of the Virginia Colony, as it extended beyond the limits of Jamestown, was governed and hastened by the quest for additional virgin soil in which to grow this âgolden weed.â For years the extension into the interior meant the expansion of tobacco production.