Which of the following government policies will encourage the consumption of a good?

Group of answer choices：

Price ceiling

Excise tax to buyers

Subsidy to buyers

Price regulation

Expert Solution

There is a price ceiling, happens is that the price will usually be below the equilibrium price as a result of which the demand will be e very high and the supplied quantity will be low so that there is a shortage and this does not encourage the consumption and similarity excise tax D motivates the consumption because the price will increase and price regulation might have an effect on the sellers in terms of quantity supplied which is why

(a,b,d) are wrong.

Subsidy on buyers can be a motivation for consumption as it reduces the price and it does not affect the supply

Therefore (c) is the answer to this question

Rahul Sunny answered 2 years ago

Explain three types of government policies that can encourage economic growth.

Should the government regulate meat production to lower meat consumption? What are the government policies right...

Should the government regulate meat production to lower meat consumption? What are the government policies right now about meat production?

What policies would encourage private sector R&D, and university and public R&D. Which of these policies...

What policies would encourage private sector R&D, and university and public R&D. Which of these policies have the highest public costs? Can you think of a way to focus any necessary public spending in a way that will get the most R&D bang for your buck?

which of the following government policies is the new classical response to an economic recession? a....

which of the following government policies is the new classical response to an economic recession? a. adjust the minimum wage higher b. terminating labor unions c. increase in government spending

Discuss which of the following fall into the categories of consumption, investment, government expenditure and net...

Discuss which of the following fall into the categories of consumption, investment, government expenditure and net exports from the Y = C + I + G + NX (X – M) identity, and whether the impact is to increase or decrease GDP. (a) Charles buys a second-hand textbook from Tim. (b) When Charles bought the book, he paid Sarah $10 to collect it from Tim. (c) Thomas buys a new house (d) Your firm sells meat to Indonesia (e) The...

Discuss which of the following fall into the categories of consumption, investment, government expenditure and net...

Discuss which of the following fall into the categories of consumption, investment, government expenditure and net exports from the Y = C + I + G + NX (X – M) identity, and whether the impact is to increase or decrease GDP. (a) Charles buys a second-hand textbook from Tim. (b) When Charles bought the book, he paid Sarah $10 to collect it from Tim. (c) Thomas buys a new house (d) Your firm sells meat to Indonesia (e) The...

Government policies and laws on products and inputs are good or bad? (300- 500 words )...

Government policies and laws on products and inputs are good or bad? (300- 500 words ) as specific as possible.

Fiscal policies are those which are enacted and changed by the government which majorly involves changing...

Fiscal policies are those which are enacted and changed by the government which majorly involves changing the government spending in the economy or changing the tax rates. Let us consider one of the most important taxes, the income tax. An income tax is a proportion of the income that you have to pay as taxes to the government. Since, the tax is progressive, the higher the income, the higher is the tax and thus it affects you as an individual...

The government wants to encourage technological innovation all across the US. The government thinks that with...

The government wants to encourage technological innovation all across the US. The government thinks that with better technology, the US economy could become again the greatest economic power by far. What would you do in order to encourage firms and/or households to invent/develop new technologies that would help produce more output (and thus create more employment)? State THREE (03) possible ways (policies) to encourage technological innovation.

Good Samaritan laws, which protect the responder from financial liability, were developed to encourage people to...

Good Samaritan laws, which protect the responder from financial liability, were developed to encourage people to help others in emergency situations. They assume a responder will do his or her best to save a life or prevent further injury. Good Samaritan laws require the responder to use common sense and a reasonable level of skill and to give only the type of emergency care for which he or she is trained. Good Samaritan laws usually protect responders who act the...

Question

Which of the following government policies will encourage the consumption of a good?

Solutions

Expert Solution

Related Solutions

Explain three types of government policies that can encourage economic growth.

Should the government regulate meat production to lower meat consumption? What are the government policies right...

What policies would encourage private sector R&D, and university and public R&D. Which of these policies...

which of the following government policies is the new classical response to an economic recession? a....

Discuss which of the following fall into the categories of consumption, investment, government expenditure and net...

Discuss which of the following fall into the categories of consumption, investment, government expenditure and net...

Government policies and laws on products and inputs are good or bad? (300- 500 words )...

Fiscal policies are those which are enacted and changed by the government which majorly involves changing...

The government wants to encourage technological innovation all across the US. The government thinks that with...

Good Samaritan laws, which protect the responder from financial liability, were developed to encourage people to...