If the Government Thinks the Price That a Consumer Has

question 23

Multiple Choice

If the government thinks the price that a consumer has to pay for a good is too high,then which of the following would solve this problem?

• A) a price ceiling or an excise tax
• B) a price floor or an excise tax
• C) a price ceiling or a subsidy
• D) a price floor or a subsidy
• E) none of the above will lower the price a consumer has to pay for a good

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Definitions:

Attribution Error

Error made in attributing the causes for someone’s behavior to their membership in a particular group, such as a racial group.

Formal Organizations

Highly structured groups formed for a specific set of objectives or activities, characterized by defined roles and administrative rules.

Functionalist Perspective

A sociological approach that emphasizes the interdependence of society's components and their contribution to societal stability and equilibrium.

Conflict Perspective

A sociological approach that views human society as an arena of inequalities that breeds conflict and social change, emphasizing the role of power differentials in producing social order.