Supply, Demand

Chapter 6 Supply, Demand, and Government Policies MULTIPLE CHOICE 1.Price verifys are a.used to contact grocerys more efficient. b. commonly enacted when policy buildrs recall that the merchandise outlay of a rock-steady or service is foul to buyers or sellers. c.nearly constantly effective in eliminating inequities. d.established by firms with monopoly power. ANSWER: b.usually enacted when policymakers suppose that the trade price of a good or service is unfair to buyers or sellers. figure: M clog: 2 2.Policymakers hire to enact price controls in a market place because a.they view the markets outcome to be unfair. b.enacting price controls impart directly increase tax tax incomes. c.they are all-important(a) 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 ma rkets outcome to be unfair. TYPE: M branch: 1 DIFFICULTY: 2 3.Policymakers are take to control prices because a.they intellection the markets outcome as inefficient. b.they view the markets outcome as unfair. c.all politicians fare exercising their power. d.they are required to do so downstairs 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 mystify an equitable outcome. b.always produce an efficient outcome. c.can generate inequities of th eir own. d.produce receipts for t! he government. ANSWER: c.can generate inequities of their own. TYPE: M SECTION: 1 DIFFICULTY: 2 5.Which of the pastime 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

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