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Author Question: An effective price ceiling occurs when A) the government sets a maximum price for a good above ... (Read 130 times)

jhjkgdfhk

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on: Jun 29, 2018
An effective price ceiling occurs when
 
  A) the government sets a maximum price for a good above the equilibrium price.
  B) the government sets a minimum price for a good above the equilibrium price.
  C) the government sets a minimum price for a good below the equilibrium price.
  D) the government sets a maximum price for a good below the equilibrium price.

Question 2

Whenever productive resources are used to make capital goods
 
  A) society is not producing efficiently.
  B) society is giving up current consumption.
  C) the production possibilities curve becomes flatter.
  D) absolute advantage occurs.


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ntsoane kedibone

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

D

Answer to Question 2

B


jhjkgdfhk

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Reply #2 on: Jun 29, 2018
Thank you


ntsoane kedibone

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Reply #3 on: Jun 29, 2018
No problemo


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