Decentralization Is a Transfer of Authority from the Bottom to the Top

question 162

True/False

Decentralization is a transfer of authority from the bottom to the top of an organization.

Analyze the impact of government subsidies on market prices, quantities, and the distribution of benefits between consumers and producers.

Understand the impact of a tax or subsidy on the selling price of a good and the net price paid by buyers.

Interpret graphical representations of market situations including the effects of various taxes and subsidies.

Understand the implications of price controls (ceilings and floors) on market shortages and surpluses.