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.
Coercive Acts: A series of laws (also called the Intolerable Acts) passed by the British Parliament in 1774, relating to Britainâs colonies in North America. The acts triggered outrage and resistance in the 13 colonies and were important developments in the growth of the American Revolution.