Anthony, the plant manager, was talking with another manager about tim, the lead engineer in the corporate r & d department. anthony remarked, "tim is so bright, and he is an expert in designing products. but like so many experts, he can't imagine what it's like to be as ignorant as the rest of us. i think at times, he cannot see things from an outsider's perspective." tim is suffering from

Select the word from the list that best fits the definition sometimes

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.