Author Question: Government intervention in a perfectly competitive market A) reduces economic well-being. B) is ... (Read 77 times)

bb

  • Hero Member
  • *****
  • Posts: 544
Government intervention in a perfectly competitive market
 
  A) reduces economic well-being.
  B) is an illustration of the invisible hand theorem.
  C) increases economic well-being.
  D) guarantees maximized well-being.

Question 2

If the demand curve is horizontal a rightward shift of the supply curve will lead to
 
  A) an increase in quantity supplied.
  B) an increase in price.
  C) a decrease in quantity demanded.
  D) a decrease in price.



verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

For a complete list of videos, visit our video library