Multiple Choice
The dictator of a small country restricts the price of cars to an amount less than or equal to $1,200 (a price below the equilibrium price for cars) .Such a policy would set a:
A) price floor.
B) price ceiling.
C) quota.
D) tariff.
Correct Answer:
Verified
Correct Answer:
Verified
Q165: Use the following to answer question: <img
Q166: A price control is:<br>A)control of the price
Q167: Which inefficiency is NOT caused by binding
Q168: When the government policy is to regulate
Q169: A quota rent for tuna is the
Q171: Use the following to answer question: <img
Q172: The government might impose a price ceiling
Q173: Suppose that a binding price floor is
Q174: Price controls:<br>A)always increase economic efficiency.<br>B)always lead to
Q175: Use the following to answer question: <img