What reasons do governments often give to justify the decision to not allow price to ration goods?
What will be an ideal response?
(1.) Price gouging is bad.
(2.) Income is unfairly distributed.
(3.) Some items are necessities and thus everyone should be able to afford them.
Economics
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What type of business is the easiest to set up?
A) corporation B) sole proprietorship C) partnership D) There is no difference in the ease of establishment.
Economics
All of the macroeconometric models currently in use
A) originate in the United States. B) incorporate rational expectations into their predictions. C) originate with government or international agencies. D) originate with commercial firms who sell their forecasts to other firms and governments. E) none of the above
Economics