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.
D. All of these are ways government can try to address rising prices of a basic necessity.
Economics
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At all the points below the midpoint on a linear demand curve, the value of price elasticity of demand is:
A) zero. B) greater than one. C) less than one. D) equal to one.
Economics
In a competitive labor market, what is the profit-maximizing number of workers that a firm will hire?
What will be an ideal response?
Economics