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

Author Question: An effective price ceiling occurs when A) the government sets a maximum price for a good above ... (Read 92 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 29, 2018
Thank you


ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Effective communication and harmony between horse and rider are among the goals of proper training Effective communication and harmony between horse and rider are among the goals of proper training
Are good deeds selfish? Are good deeds selfish?
The Last Glacial Maximum The Last Glacial Maximum
Foundations of American Education: Becoming Effective Teachers in Challenging Times Foundations of American Education: Becoming Effective Teachers in Challenging Times
Flail Chest Occurs When Three or More Adjacent Ribs Fracture in Two or More Places Flail Chest Occurs When Three or More Adjacent Ribs Fracture in Two or More Places
Video: Haustral churning, Gastrocolic reflex and mass peristalsis & Defecation

For a complete list of videos, visit our video library