Government-imposed quantity restrictions
A) generate a higher price for the good than would prevail under freely competitive markets.
B) generate a lower price for the good than would prevail under freely competitive markets.
C) does not affect the price of the good because quantity restrictions always ban sale of the good completely.
D) can cause prices to either be higher or lower, but always cause excess quantities supplied to develop.
A
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Indicate whether the statement is true or false
According to your text, one reason for flat or falling achievement scores even in the face of substantially higher education subsidies may be that
A. students are so unmotivated that no amount of spending will ever improve scores. B. most parents do not support the schools or their children's educational activities. C. the additional funds are being siphoned off by dishonest school board members. D. some of the funds are going to social services rather than to enhance learning activities.