Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
5Activity
0 of .
Results for:
No results containing your search query
P. 1
1.5 Mkt in Action

1.5 Mkt in Action

Ratings:

5.0

(1)
|Views: 43|Likes:
Published by api-3696178

More info:

Published by: api-3696178 on Oct 16, 2008
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less

05/09/2014

pdf

text

original

MARKETS IN
ACTION
Objectives
After this lecture, you will able to
\ue000Explain how housing markets work and how price
ceilings create housing shortages and inefficiency
\ue000Explain how labor markets work and how minimum
wage laws create unemployment and inefficiency

\ue000Explain the effects of the sales tax
\ue000Explain how markets for illegal goods work
\ue000Explain why farm prices and farm revenues fluctuate

and how speculation and price stabilization agencies
influence farm prices and farm revenues
Turbulent Times

As more people compete for scarce land, house prices
and rents rise. As new technologies replace low-skilled
labor, the demand for low-skilled workers falls. Can
governments control prices and wages?

How do taxes affect prices and quantities, and who pays

the tax, the buyer or the seller?
What happens in a market when a good is made illegal?
How are farm prices and incomes affected by fluctuations

in harvests?

Activity (5)

You've already reviewed this. Edit your review.
1 hundred reads
ikan_bakar liked this
kamal liked this
kamal liked this
pillayd liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->