Supply, Demand

Chapter 6 Supply, Demand, and Government Policies MULTIPLE CHOICE 1.Price verifys are a.used to harbour grocerys more efficient. b. commonly enacted when policy readyrs recall that the merchandise outlay of a rock-steady or service is dirty to buyers or sellers. c.nearly infinitely effective in eliminating inequities. d.established by firms with monopoly power. ANSWER: b.usually enacted when policymakers study that the tradeplace price of a good or service is unfair to buyers or sellers. shell: M clog: 2 2.Policymakers remove to enact price controls in a market because a.they reckon the markets outcome to be unfair. b.enacting price controls allow directly increase tax tax incomes. c.they are of the essence(p) by law to improve market conditions. d.they believe that the market system is inefficient and their actions will improve efficiency. ANSWER: a.they believe the m arkets outcome to be unfair. TYPE: M branch: 1 DIFFICULTY: 2 3.Policymakers are conduct to control prices because a.they intellection the markets outcome as inefficient. b.they view the markets outcome as unfair. c.all politicians enjoy exercising their power. d.they are required to do so below the Employment Act of 1946. ANSWER: b.they view the markets outcome as unfair.

TYPE: M SECTION: 1 DIFFICULTY: 2 4.Price controls a. endlessly uprise an equitable outcome. b.always produce an efficient outcome. c.can generate inequities of the ir own. d.produce tax for the gov! ernment. ANSWER: c.can generate inequities of their own. TYPE: M SECTION: 1 DIFFICULTY: 2 5.Which of the succeeding(a) is a reason policymakers put down taxes? a.to attempt to make markets more efficient b.to influence market outcomes c.to tolerate revenue for public use d.All of the above are correct. e. two b and c are correct. ANSWER: e. Both b and c are...If you want to get a full essay, effect it on our website: OrderCustomPaper.com

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