Supply, Demand

Chapter 6 Supply, Demand, and Government Policies MULTIPLE CHOICE 1.Price verifys be a.used to necessitate grocerys to a greater extent efficient. b. commonly reenacted when policymakers phone that the merchandise outlay of a rock-steady or inviolable is raw to buyers or sellers. c.nearly incessantly effective in eliminating inequities. d.established by firms with monopoly power. purpose: b.usually enacted when policymakers believe that the trade price of a good or service is unfair to buyers or sellers. attribute: M clog: 2 2.Policymakers choose to enact price controls in a securities industry because a.they believe the grocerys termination to be unfair. b.enacting price controls will at a time increase valuate tax incomes. c.they argon essential by law to amend mart conditions. d.they believe that the foodstuff administration is inefficient and their actions will improve efficiency. ANSWER: a.they believe the trades outcome to be unfair. TYPE: M weapon system: 1 DIFFICULTY: 2 3.Policymakers are led to control prices because a.they cerebration the markets outcome as inefficient. b.they view the markets outcome as unfair. c.all politicians love exercising their power. d.they are required to do so beneath the Employment consummation of 1946. ANSWER: b.they view the markets outcome as unfair.

TYPE: M arm: 1 DIFFICULTY: 2 4.Price controls a. always give rise an equitable outcome. b.always produce an efficient outcome. c.can generate inequities of their own. d.produce revenue for the government. ANSWER: c.can generate inequities of their own. TYPE: M SECTION: 1 DIFFICULTY: 2 5.Which of the following is a reason policymakers put kill taxes? a.to attempt to make markets more efficient b.to influence market outcomes c.to go revenue for public use d.All of the to a higher place 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: Orderessay

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