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Author Question: A political function of government is to A) encourage the consumption of government-sponsored ... (Read 252 times)

Beheh

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on: Jun 29, 2018
A political function of government is to
 
  A) encourage the consumption of government-sponsored goods.
  B) provide public goods.
  C) correct for externalities.
  D) encourage the workings of the price system.

Question 2

Which of the following is a possible outcome of setting a legal maximum rental rate below the market clearing rental rate?
 
  A) an increase in the quantity of rental housing supplied
  B) a decrease in the quantity of rental housing demanded
  C) a black market in rental housing
  D) a surplus of rental housing


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Sammyo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Beheh

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Reply #2 on: Jun 29, 2018
Thank you :)


Sammyo

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Reply #3 on: Jun 29, 2018
Happy to help you


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