Author Question: Government price controls a. strip market prices of their ability to signal relative scarcities to ... (Read 76 times)

rayancarla1 · **on:** Jun 30, 2018

Government price controls
a. strip market prices of their ability to signal relative scarcities to both buyers and sellers.
b. often impose harm on at least some of the group of people they are trying to assist.
c. sometimes force prices above or below what they would be in a market economy.
d. all of the above

Question 2

In a fully employed economy, invention and discovery:
a. are automatic.
b. are achieved through sacrifices in current consumption.
c. have negative opportunity costs.
d. All of the above are correct.