If the Government Thinks the Price That a Consumer Has

question 4

Multiple Choice

If the government thinks the price that a consumer has to pay for a good is too low,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:

Automating

The process of making a system or process function automatically, typically through the use of computerized technology, to improve efficiency and reliability.

Strong AI

Refers to artificial intelligence systems with the ability to understand, learn, and apply knowledge in a way that is indistinguishable from human intelligence.

Weak AI

Artificial Intelligence systems designed for specific tasks, lacking consciousness or self-awareness, unlike strong AI.

Natural Language Processing

A field of artificial intelligence that gives computers the ability to understand text and spoken words in much the same way human beings can.