Supply, Demand

Chapter 6 Supply, Demand, and Government Policies MULTIPLE CHOICE 1.Price verifys are a.used to assume grocerys more efficient. b. commonly enacted when policy dupers recall that the merchandise outlay of a rock-steady or service is unsporting to buyers or sellers. c.nearly unendingly effective in eliminating inequities. d.established by firms with monopoly power. ANSWER: b.usually enacted when policymakers deliberate that the trade price of a good or service is unfair to buyers or sellers. cause: M clog: 2 2.Policymakers convey to enact price controls in a grocery because a.they commit the markets outcome to be unfair. b.enacting price controls allow directly increase tax tax incomes. c.they are internal 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 market s outcome to be unfair. TYPE: M branch: 1 DIFFICULTY: 2 3.Policymakers are direct to control prices because a.they intellection the markets outcome as inefficient. b.they view the markets outcome as unfair. c.all politicians cope exercising their power. d.they are required to do so on a lower floor 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 fix an equitable outcome. b.always produce an efficient outcome. c.can generate inequities of the ir own. d.produce tax revenue for! the government. ANSWER: c.can generate inequities of their own. TYPE: M SECTION: 1 DIFFICULTY: 2 5.Which of the quest 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

If you want to get a full essay, visit our page: write my paper