Government Intervention
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Julia Peters
Used 2+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the primary purpose of a specific tax in economics?
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is a likely consequence of imposing a subsidy?
Higher market prices
Improves distortion of market allocation
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the main goal of a minimum price policy?
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How does a maximum price affect the market if set below equilibrium?
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What happens to consumer surplus when a specific tax is introduced?
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these is an example of a subsidy?
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a common result of a minimum price on agricultural goods?
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