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The government may impose a price ceiling in order to increase supply.
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Rafa
Jordan
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Why the government might enact a price ceiling in order to accomplish what?
The government might enact a price ceiling in order to protect the poor.
The government might enact a price floor in order to accomplish what?
Protect producers
What MIGHT be the purpose of government regulation of natural monopolies or economies of scale?
Government regulation might be used to facilitate competition.
How a government might finance its expenditure?
tax, revenue from government enterprises and tariffs, government borrowing, selling government businesses.
What is the Differences between an obstacle a difficult task and an opportunity?
An obstacle is something which gets in the way of you accomplishing what you want to accomplish. The difficult task is what you want to accomplish, and which is made difficult by obstacles. An opportunity is a possibility which you might choose, which might lead to a benefit. An example: Your friend has asked you to go pick berries in the thick bushes by the river. There is an opportunity, since you might choose not to go berry-picking, but there is a possibility of a benefit, which is having a pail of berries. If you do choose to take the opportunity, there will be obstacles in the form of thick bushes between you and the berry bushes. The thick bushes will get in your way and make the berry-picking (what you are trying to accomplish) a difficult task.
