With Reference to the Graph Above,if the Intended Aim of the Price

question 32

Multiple Choice

With reference to the graph above,if the intended aim of the price ceiling set at $6 was a net increase in the well-being of consumers,then normative analysis would conclude that:

• A) the policy was effective, since surplus gained by consumers through lower prices is less than the surplus they lost through deadweight loss.
• B) the policy was ineffective, since surplus gained by consumers through lower prices is less than the surplus they lost through deadweight loss.
• C) the policy was effective, since surplus lost by producers through lower prices is less than the surplus gained by consumers through lower prices.
• D) there is no "right" conclusion to be reached (in a normative sense), since people have different opinions concerning what constitutes a better outcome.

Understand the concept and implications of the hidden curriculum within educational settings.

Appreciate the role of education in shaping social norms and identities.

Identify the challenges and controversies surrounding education, including grade inflation.

Acknowledge the relationship between educational policy and social change.