Suppose a Binding Output Quota Is Imposed in a Previously

question 58

Multiple Choice

Suppose a binding output quota is imposed in a previously competitive market with free- market equilibrium price and quantity. The result is

• A) higher price and lower quantity exchanged.
• B) higher price and higher quantity exchanged.
• C) no change in price or quantity exchanged.
• D) lower price and higher quantity exchanged.
• E) lower price and lower quantity exchanged.

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Definitions:

Dodo Bird Verdict

A concept suggesting that all psychotherapies, despite their specific components, tend to produce similar outcomes.

Motivational Interviewing

A therapeutic approach that is client-centered and helps to engage intrinsic motivation for changing behaviour by creating discrepancy and exploring and resolving ambivalence within the client.

Clinical Psychologists

Persons who are initially trained in general psychology and then receive graduate training in the application of this knowledge to the understanding, diagnosis, and amelioration of disorders of thinking and behavior. They have a thorough grounding in research methods, and some spend their careers doing research on abnormal functioning, although many also provide treatment. The treatment methods of clinical psychologists primarily involve psychological interventions of one kind or another.

Cognitive-Behavioural

Referring to a therapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.