Government polices sometimes have unintended consequences. Give an example of one
Please provide the best answer for the statement.
Answers may vary, answers from the textbook include: (1) Government fuel efficiency regulations caused automobile manufactures to make smaller, lighter cars. This lead to more fatal car accidents. (2) San Francisco’s ban on plastic grocery bags lead to more deaths from food borne illness. Reusable grocery bags rarely get washed, allowing bacteria to grow. (3) Obamacare required that all businesses with more than 50 full-time employees provide health insurance. This regulation caused some businesses to fire workers and others move full-time employees to part-time.
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The table above shows
A) a total product schedule. B) the market for labor. C) a production possibility frontier. D) a supply schedule. E) a demand for labor schedule.
The reserve ratio of the Second Bank of the United States was ___________ the reserve ratio of most state banks
a. larger than b. smaller than c. about equal to d. dependent upon
Strategic trade policy relies on threats of protectionism to protect free trade
a. True b. False Indicate whether the statement is true or false
During 2007-2008, the price of gasoline increased from approximately $1.50 to $4.00 per gallon. As a result, the
a. demand for gas guzzling automobiles, such as the Hummer, decreased, causing their price to decline. b. supply of gas guzzling automobiles decreased, causing their price to increase. c. demand for gas guzzling automobiles increased, causing their price to increase. d. supply of gas guzzling automobiles increased causing their price to fall.