Which of the Following Might Explain Why the Government Would

question 14

Multiple Choice

Which of the following might explain why the government would create a price floor for a certain good?

• A) The equilibrium price that would result in the market would be considered too high
• B) The equilibrium price that would result in the market would be considered too low
• C) The equilibrium quantity that would result in the market would be considered too high
• D) The equilibrium quantity that would result in the market would be considered too low
• E) The market will never achieve equilibrium on its own

---

Definitions:

Castration Anxiety

A concept in psychoanalytic theory referring to the fear felt in young boys that they could be punished by castration for Oedipal desires towards their mother and rivalry with their father.

Penis Envy

A concept in psychoanalytic theory describing a female's sense of inferiority and jealousy towards males for having a penis, as formulated by Sigmund Freud.

Psychoanalytic Perspective

The psychoanalytic perspective is a theory of psychology founded by Sigmund Freud that emphasizes the role of unconscious processes and childhood experiences in influencing behavior and personality.

Rough-And-Tumble

A form of play involving physical activities like running, jumping, and play fighting, common among children and believed to aid in the development of social and physical skills.