Question
When policymakers set prices by legal decree, they
a. improve the organization of economic activity.
b. obscure the signals that normally guide the allocation of society’s resources.
c. are usually following the advice of mainstream economists.
d. are demonstrating a willingness to sacrifice fairness for the sake of a gain in efficiency.
a. improve the organization of economic activity.
b. obscure the signals that normally guide the allocation of society’s resources.
c. are usually following the advice of mainstream economists.
d. are demonstrating a willingness to sacrifice fairness for the sake of a gain in efficiency.
Answers
Ms. Sue
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