Refer to the above figure. A surplus occurs if the government imposes
A) a price floor at $60.
B) a price floor at $20.
C) a price ceiling at $60.
D) a price ceiling at $20.
A
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Countries with higher income per capita are likely to have ________
A) a lower Human Development Index B) a higher Human Development Index C) a higher rate of unemployment D) a lower life expectancy at birth
The figure above shows the market for annual influenza immunizations the United States
If the government intervenes in the market and provides a subsidy to providers of immunizations to immunize the efficient number of people, the amount of the subsidy is ________ per person. A) $25 B) $50 C) $35 D) $15 E) $40
As Goldilocks consumes more gummy bears, her total utility ________ and her marginal utility from gummy bears ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Explain why a government may select an inefficient allocation
What will be an ideal response?