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

Author Question: When a government imposes price controls, the result is that A) the rationing function of prices ... (Read 425 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
When a government imposes price controls, the result is that
 
  A) the rationing function of prices is not allowed to function freely.
  B) the price system operates more efficiently.
  C) all trades are as mutually beneficial to each party as possible.
  D) scarcity usually disappears.

Question 2

In a monopolistically competitive market, the consumer receives the benefit of
 
  A) production at minimum average cost.
  B) production where price equals marginal cost.
  C) product differentiation.
  D) allocative efficiency.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


NguyenJ

  • Member
  • Posts: 516
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Function and structure of aquaporin Function and structure of aquaporin
endocrine function of the kidneys endocrine function of the kidneys
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
How to vertically shift a sinusoidal function (y=a*sin⁡b(x−c)+d) How to vertically shift a sinusoidal function (y=a*sin⁡b(x−c)+d)
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Structure and function of the Gal4p activator Structure and function of the Gal4p activator
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library