Governments can discourage consumption of certain goods by:
A) a subsidy to consumers in those markets.
B) taxing substitute goods.
C) imposing a minimum price above the equilibrium price.
D) None of these policies decrease consumption of goods.
Correct Answer:
Verified
Q3: If there is a sole producer of
Q5: Government attempts to lower,raise,or simply stabilize prices
Q7: Governments may choose to intervene in a
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: Government attempts to set prices below market
Q13: Normative analysis:
A) involves the formulation and testing
Q19: In evaluating policy effectiveness, economists rely on:
A)
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