Question : 16) Which of the following true? i.A price ceiling set below : 1241597

Economics

16) Which of the following is true?

i.A price ceiling set below the equilibrium price decreases search activity.

ii.A minimum wage is an example of a price ceiling.

iii.A price support decreases the quantity consumed.

A) only i

B) only ii

C) only iii

D) i and iii

E) ii and iii

17) Which of the following is true?

i.A price support is inefficient.

ii.A price floor set above the equilibrium price creates a surplus.

iii.A price ceiling set above the equilibrium price creates a black market.

A) only i

B) only ii

C) only iii

D) i and ii

E) ii and iii

18) Which of the following can create a deadweight loss?

i.price supports

ii.price floor

iii.price ceiling

A) i only

B) i and iii

C) ii and iii

D) i, ii and iii

E) i and ii

19) Following a major natural disaster that destroys housing, a rent ceiling ________ be an effective policy to increase the quantity of more affordable housing for displaced residents because it would ________.

A) would not; discourage rebuilding and result in a shortage

B) would not; cause the quantity supplied to exceed the quantity demanded

C) would; cause increased search activity

D) would; create a black market that would result in a lower rent

E) would; encourage a greater quantity supplied

20) If an apartment owner charged ________ than a specified rent for housing, the government ________ impose a rent ceiling.

A) more; can

B) more; cannot

C) less; can

D) less; cannot

E) less; might

21) If a rent ceiling is set ________ the equilibrium price, the effect can result in a housing ________.

A) below; surplus

B) below; shortage

C) above; shortage

D) above; surplus

E) equal to; surplus

22) If a rent ceiling is set below the equilibrium price, thus creating a ________, housing may be allocated by increasing search activity or creating a ________.

A) shortage; black market

B) shortage; free market

C) surplus; black market

D) surplus; open market

E) surplus; free market

23) A rent ceiling controls the rent portion of the cost of housing but not the search cost. So when the search cost is ________ the rent, some people end up paying a ________ opportunity cost for housing than they would if there were no rent ceiling.

A) added to; lower

B) subtracted from; higher

C) subtracted from; lower

D) added to; higher

E) equal to; lower

24) If the quantity of housing demanded ________ the quantity of housing supplied, scarce housing resources are allocated efficiently because the marginal cost of the housing ________ the marginal benefit.

A) is more than; equals

B) is less than; equals

C) equals; is more than

D) equals; is less than

E) equals; equals

25) When a rent ceiling is ________, consumer surplus and producer surplus shrink, a deadweight loss ________, and resources are lost in search activity and evading the rent ceiling law.

A) inefficient; arises

B) inefficient; disappears

C) efficient; arises

D) efficient; disappears

E) nonexistent; arises

26) When a minimum wage is introduced ________ the equilibrium wage rate, the quantity of labor demanded ________ and the quantity of labor supplied ________, thus creating unemployment.

A) above; increases; decreases

B) below; increases; decreases

C) above; decreases; increases

D) above; decreases; decreases

E) below; decreases; decreases

27) When a minimum wage is ________, the firms’ surplus and workers’ surplus shrink, a deadweight loss ________, and resources are lost in job search.

A) inefficient; arises

B) inefficient; disappears

C) efficient; arises

D) efficient; disappears

E) nonexistent; arises

28) Nonunion labor is a substitute for union labor, so when the minimum wage ________, the demand for union labor ________.

A) rises; decreases

B) decreases; increases

C) decreases; decreases

D) rises; increases

E) rises; remains the same

29) Import restriction in advanced economies deny developing economies access to the food market of the advanced economies. The result is ________ price and ________ farm production in the developing economies.

A) lower; larger

B) lower; smaller

C) higher; smaller

D) higher; larger

E) stable; smaller

Continue to order Get a quote

July 1, 2023

Paula Plaintiff's Really Bad Week, Part 1

Introduction

In this assignment, you’ll need to decide whether Paula Plaintiff has any legal claims arising from a series of unfortunate events. After reading the scenario, answer the questions that follow, making sure to fully explain the basis of your decision.

Paula Plaintiff is shopping at her favorite store, Cash Mart. She is looking for a new laptop, but she can’t find one she likes. Then, realizing that she is going to be late for an appointment, she attempts to leave the store, walking very fast. However, before she can leave, she is stopped by a security guard who accuses her of shoplifting. Paula, who has taken nothing, denies any wrong doing. The officer insists and takes Paula to a small room in the back of the store. The guard tells Paula that if she attempts to leave the room she will be arrested and sent to jail. At this point, the guard leaves the room. Paula is scared and waits in the room for over an hour until the manager comes in and apologizes and tells Paula that she is free to go.

About this same time, Geoffrey Golfer is hitting golf balls in his backyard. Geoffrey decides to break out his new driver and hits a golf ball out of his backyard into the Cash Mart parking lot. The golf ball hits Paula Plaintiff on the head and knocks her unconscious just as she is leaving the store.

Instructions

In a 6–10 paragraph paper, answer the following questions:

· What types of legal claims could Paula make against Cash Mart and Geoffrey? Consider the following:

o What are the possible tort claims that Paula can make against Cash Mart? Discuss the elements of the claim and how those elements relate to the facts in the scenario.

o Was Geoffrey negligent when he hit the golf ball that injured Paula? Discuss the elements of negligence and use facts from the scenario to support your decision.

o If Paula files a negligence claim against Geoffrey will she file in civil court or criminal court? Explain the difference between civil court and criminal court.

You will create and submit your assignment by using the ecree link. Just click on the link and start writing. Your work will be saved automatically. You’ll see some feedback on the right-hand side of the screen, including text and videos to help guide you in the writing process. When you’re ready, you can turn in your assignment by clicking Submit at the bottom of the page.

Click the assignment link to start your assignment in ecree. Please note that ecree works best in Firefox and Chrome.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.

In addition to your textbook, you have access to Nexus Uni through the Strayer University Library. Please take advantage of this excellent legal resource!

The specific course learning outcome associated with this assignment is:

· Determine if a plaintiff can make legal claims based on the events in a given scenario.