Let’s say that Peyton is a politician who promises cheaper g…

Let’s say that Peyton is a politician who promises cheaper gasoline for everyone in the country if she is elected. Once she is elected, she makes gas cheaper by imposing a price ceiling that is one full dollar less than the market’s equilibrium price. What would be the reaction of the sellers of gasoline and of the public to Peyton’s price ceiling law? Would she expect to be reelected in the long run? Why or why not?

When goods are bought by customers and then returned to the…

When goods are bought by customers and then returned to the store because they are broken, damaged, or just unwanted, the store can’t re-sell the items.  According to the eTextbook, these types of returned goods will likely be sent to which of the following facilities?

Intermodal transportation often requires the use of either a…

Intermodal transportation often requires the use of either a standardized shipping container or a truck trailer.  These truck trailers are usually attached to a truck or they are put onto a railcar on a train.  According to the eText, a railcar with truck trailer on it is typically referred to as a: