What is the main motive of the government behind having a dual price system & setting up of fair price shops? ?->(Show Answer!)

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1. What is the main motive of the government behind having a dual price system & setting up of fair price shops?

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MCQ->What is the main motive of the government behind having a dual price system & setting up of fair price shops?....

MCQ->Children are in pursuit of a dog whose leash has broken. James is directly behind the dog. Ruby is behind James. Rachel is behind Ruby. Max is ahead of the dog walking down the street in the opposite direction. As the children and dog pass, Max turns around and joins the pursuit. He runs in behind Ruby. James runs faster and is alongside the dog on the left. Ruby runs faster and is alongside the dog on the right. Which child is directly behind the dog?....

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MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is....

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