Purchase Solution

Government intervention in the market

Not what you're looking for?

Ask Custom Question

8.List five ways you are affected on a daily basis by government intervention in the market. For what reason might government be involved? Is that reason justified?

Purchase this Solution

Solution Summary

The solution answers the question below.

Solution Preview

1. The government imposes a tax on the extra units of water over 10 litres used daily by each individual in the county. This means that I will have to shorten the length of my daily showers.
2. The government imposes a daily restriction on the amount of gas one can use in one's automobile, in order to encourage the use of public transport like buses, trains, local trams ...

Purchase this Solution


Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.