Ch_4 - Chapter 4 clicker questions Which of the following...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style 5/12/09 Chapter 4 clicker questions
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
5/12/09 Which of the following statements regarding price floors is true? a) Price floors result in shortages. b) Price floors are intended to help certain people, but they have side effects that may harm others in predictable ways. c) Price floors make markets more efficient, but they diminish profit levels.
Background image of page 2
5/12/09 Which of the following statements regarding price floors is true? a) Price floors result in shortages. b) Price floors are intended to help certain people, but they have side effects that may harm others in predictable ways. c) Price floors make markets more efficient, but they diminish profit levels.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
In 1979 a revolution overthrew the government of Iran, disrupting oil production and causing the price of crude oil to increase by 300 percent. In most of the world this price increase: A) led to severe shortages of gasoline. B)
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 11

Ch_4 - Chapter 4 clicker questions Which of the following...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online