When the Government Policy Is to Regulate the Quantity of a Good

question 168

Multiple Choice

When the government policy is to regulate the quantity of a good that can be bought and sold rather than the price at which it is transacted,it uses a:

• A)quota.
• B)price control.
• C)price ceiling.
• D)price floor.

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Definitions:

Structuralism

A school of thought in psychology that analyzes the basic elements of human thought and perception, seeing the mind as a structure made up of interconnected parts.

Consciousness

The state of being aware of and responsive to one's surroundings; a person's subjective experience of the world and mind.

Behaviourist

A psychologist who studies and interprets behavior as a function of environmental histories of reinforcing consequences.

Gestalt Psychologist

A psychologist specializing in the study of perception and learning, emphasizing the idea that the whole is more than the sum of its parts.