8
answers
0
watching
465
views
11 Dec 2019
Price controls are usually enacted:
a. as a means of raising revenue for public purposes.
b. when policymakers believe that the market price of a good or service is unfair to buyers or sellers.
c. when policymakers detect inefficiencies in a market.
d. All of the above are correct
Price controls are usually enacted:
a. as a means of raising revenue for public purposes.
b. when policymakers believe that the market price of a good or service is unfair to buyers or sellers.
c. when policymakers detect inefficiencies in a market.
d. All of the above are correct
Margaux Elysse C. SiasonLv6
21 Aug 2020
Already have an account? Log in
Related textbook solutions
Related questions
When a good is taxed:
|
a. both buyers and sellers of the good are made worse off.
|
|
b. only buyers are made worse off, because they ultimately bear the burden of the tax.
|
|
c. only sellers are made worse off, because they ultimately bear the burden of the tax.
|
|
d. neither buyers nor sellers are made worse off, since tax revenue is used to provide goods and services that would otherwise not be provided in a market economy.
|
