What situation best explains why the government would impose price ceilings?
a. The government wants to help producers that have built up large amounts of debt.
b. There are too many producers flooding the market with the good.
c. Income substantially increases, which shifts the demand curve to the left.
d. A series of substantial crop failures shift the supply curve of food to the left.
e. Technological changes occur, shifting the supply curve to the right.
A
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A production possibilities frontier with a ________ shape indicates increasing opportunity costs as more and more of one good is produced
A) linear B) bowed inward C) bowed outward D) perfectly horizontal
Liability management refers to:
A. a bank's handling of the assets in individual trust funds. B. how a bank attracts deposits and what it pays for them. C. how a bank manages its accounts receivable. D. a bank's handling of loans and other assets.
Table 9-1 Output Consumption Investment Net Exports 1,000 800 500 100 1,500 1,200 500 100 2,000 1,600 500 100 2,500 2,000 500 100 3,000 2,400 500 100 3,500 2,800 500 100 4,000 3,200 500 100 ? In Table 9-1, inventories will be increasing as long as output is above
A. 1,000 B. 1,500 C. 2,000 D. 3,000
Under a fixed exchange rate system, an expansionary fiscal policy is
A) more effective in an open economy than in a closed economy. B) less effective in an open economy than in a closed economy. C) equally effective in an open economy and in a closed economy. D) marginally effective in an open economy and completely ineffective in a closed economy.