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 158 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?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

For a complete list of videos, visit our video library