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.
Purpose of the Sugar Act. The goal of this law was threefold. First, the British realized that smuggling was close to endemic and that the rule of law was being undermined by illegal trade. Second, protecting British trade by introducing new trade restrictions following the established Navigation Acts.