Answer: The creation of a government set price for gasoline by ni government.
Explanation:
In 1970 president Nixon inteoduced a soft artificial price ceiling on gasoline in the United States. This was as a result of the OPEC crisis of 1970s. It is a good example of scenerios where the cost of government action outweighs the benefits. this was due to the creation of the government-set price which would cause the quantity demanded to be more than the quantity supplied because gasoline was cheaper now.
<span>What is the key difference between target plan bonus and predetermined allocation bonus? Predetermined allocation bonuses are fixed; target plan bonuses are not.
Predetermined allocation bonus are a fixed rate and they are based on a total from the bonus pool of a company. The target plan bonus can increase or decrease with performance.
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