Multiple Choice
Other than OPEC,the shortage of gasoline in the U.S.in the 1970s could also be blamed on
A) a sharp increase in the demand for gasoline that was brought on by the Vietnam War.
B) the government's policy of maintaining a price ceiling on gasoline.
C) an indifference among U.S.consumers toward conservation.
D) the lack of substitutes for crude oil.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: If the minimum wage exceeds the equilibrium
Q4: Unlike minimum wage laws,wage subsidies<br>A)discourage firms from
Q6: A binding price floor<br>(i)Causes a surplus.<br>(ii)Causes a
Q7: Minimum wage laws<br>A)may encourage some teenagers to
Q8: The goal of rent control is to<br>A)facilitate
Q9: Figure 6-15 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 6-15
Q10: Figure 6-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 6-16
Q11: Suppose that a binding rent control law
Q12: Under rent control,bribery is a mechanism to<br>A)bring
Q316: A legal minimum on the price at