A type of public policy that might be set in response to the rising prices of a basic necessity,such as food,might be:
A) to make it illegal to charge high prices for the good.
B) to subsidize the price of basic necessities.
C) to pay producers to make more of the good.
D) All of these are ways government can address the shortage of a basic necessity.
Correct Answer:
Verified
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A)keep a
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A)lead to
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A)situations in which the assumption
Q18: Price ceilings are:
A)a legal maximum price.
B)a legal
Q20: Normative analysis:
A)involves the formulation and testing of
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A) causes equilibrium price
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