If the government establishes a price floor, it must also be prepared to
a. sell any additional goods created by the price floor
b. create ration coupons to allocate the goods among consumers
c. enter the market as an additional demander of the good
d. handle the resulting excess demand
e. create incentives for producers to remain in the market
C
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Which of the following statements is true?
A) Correlation can only arise when causation is not present. B) Causation can only arise when correlation is not present. C) Correlation arises when there is causation and can also arise even when there is no causation. D) Causation arises when there is correlation between two variables, and can also arise even when there is no correlation.
If Larry Robinson is taxed $100 on an income of $1,000 . Guy Carbonneau is taxed $220 on an income of $2,000 . and Chris Chelios is taxed $390 on an income of $3,000 . the tax system is
a. progressive b. poll c. regressive d. excise e. proportional
Creating economic growth:
A. is an easy thing for policy-makers to achieve with correct taxation policy. B. is well understood by macroeconomists. C. involves savings, capital, labor, and technology. D. has no central tenets upon which the theory is based.
Water quality in the United States has ____ in the past 25 years.
A. improved B. worsened C. remained unchanged D. improved slightly before a recent deterioration