Which of the following is not a result of government price controls?
A) Some people win and some people lose.
B) A deadweight loss will occur.
C) Price controls benefit poor consumers but harm producers and wealthy consumers.
D) Price controls decrease economic efficiency.
Question 2
For-profit producers will produce only private goods because
A) buyers will be willing to pay for the goods since the benefits are excludable.
B) all external benefits can be internalized using market prices.
C) the cost of production can be easily determined.
D) markets exist for private goods but not for public goods.
This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
Demographic change and the effect on people social, and economic life
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
American Government: Roots and Reform, 2009 Edition
As a result of a hole in the graph, which of the following functions does not have an average ...
Presidential success under unified and divided government, from Eisenhower to trump