This topic contains a solution. Click here to go to the answer

Author Question: An effective price ceiling occurs when A) the government sets a maximum price for a good above ... (Read 159 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
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
Answer to Question 1

D

Answer to Question 2

B





 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library