A type of public policy set in response to rising prices of a basic necessity,such as food,might be:
A) to make it illegal to charge higher prices for those goods.
B) to hire more producers of those goods.
C) to subsidize the price of those goods.
D) All of these are ways government can try to address rising prices of a basic necessity.
Correct Answer:
Verified
Q9: Positive analysis:
A) is the best way to
Q10: If there is a sole producer of
Q11: The government imposing a minimum wage is
Q12: Situations in which the assumption of efficient,competitive
Q13: Normative analysis:
A) involves the formulation and testing
Q15: Governments may attempt to protect dairy farmers
Q16: An example of a market failure is
Q17: A market failure is most likely to
Q18: Price controls:
A) are regulations that sets a
Q19: Positive analysis:
A) involves the formulation and testing
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