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.
Prohibition, authorized by the Eighteenth Amendment and enforced federally by the Volstead Act, sought to bring a utopian future of unprecedented health, morality, and productivity into being by prohibiting the manufacture, sale, transportation, importation, and exportation of intoxicating liquors.