Government Intervention usually encompasses Subsidies, Taxation and Price Controls (floors and ceilings).
Read the following articles about the Hawaii's experiments:
http://usatoday30.usatoday.com/money/industries/energy/2005-08-24-hawaii-gas_x.htm
http://www.foxnews.com/story/2006/05/08/hawaii-stops-gasoline-price-controls/
The impacts of price floor and ceilings are discussed in your books on pages 81-90. Read these pages carefully. There will be a test on Monday, October 7.
Thursday, September 26, 2013
Thursday, September 12, 2013
Tuesday, September 10, 2013
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