Which of the following statements are true?     a) Economists call the farm price support system "welfare for the rich"     b) There is a fixed amount of jobs in the economy.     c) Price ceilings and price floors cause economic inefficiency and corruption.     d) General price controls is considered by economsts among the most stupid policies.     e) Only Democrats support price control po

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter6: Demand And Elasticity
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. Which of the following statements are true?

   

a) Economists call the farm price support system "welfare for the rich"

   

b) There is a fixed amount of jobs in the economy.

   

c) Price ceilings and price floors cause economic inefficiency and corruption.

   

d) General price controls is considered by economsts among the most stupid policies.

   

e) Only Democrats support price control policies.

 

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