If the government wanted to reduce the quantity of a good traded, it could do so by:
a. setting a price ceiling for the good below the equilibrium price.
b. setting a price floor for the good above the equilibrium price.
c. taxing the good more heavily

Once a government program is put into place, the employees of the bureau put in charge of administering the program _____

a. become profit maximizers b. begin working in the public interest c. start rent seeking d. become an interest group

Many wines are priced high in order to

a. Indicate low quality b. Indicate high quality c. Indicate a bargain brand d. None of the above