This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As illustrated in the textbook, the government can further increase the support price of a commodity ... (Read 56 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jul 1, 2018
As illustrated in the textbook, the government can further increase the support price of a commodity by purchasing excess supplies and using a:
 
  A) production quota.
  B) consumption tax.
  C) excess profits tax.
  D) minimum wage.

Question 2

What is a reference point?
 
  A) the value of a good on the black market
  B) the point from which an individual makes a consumption decision
  C) a subjective valuation of a good
  D) the minimum price that an individual would sell a good that she currently owns
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
Reply #2 on: Jul 1, 2018
Thank you :)


lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

African (above) and Asiatic (below) lions, as illustrated in Johnsons Book of Nature African (above) and Asiatic (below) lions, as illustrated in Johnsons Book of Nature
Dentition, as illustrated in Knight's Sketches in Natural History Dentition, as illustrated in Knight's Sketches in Natural History
Hypothyroidism. Hyposecretion of the thyroid gland produces the symptoms that are illustrated. Hypothyroidism. Hyposecretion of the thyroid gland produces the symptoms that are illustrated.
Scattergrams are a mechanism used by political scientists to show patterns and relationships among v Scattergrams are a mechanism used by political scientists to show patterns and relationships among v
Outside ankle press. Now, support the heel of the recipient’s right foot with your left hand. With ... Outside ankle press. Now, support the heel of the recipient’s right foot with your left hand. With ...
Gibberellin and germination, illustrated in a seed of barley (Hordeum vulgare). Gibberellin and germination, illustrated in a seed of barley (Hordeum vulgare).
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library