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kifflom [539]
3 years ago
11

Hugo Chávez was the president of Venezuela. Venezuela is a major producer of oil products, which remain the keystone of Venezuel

a's economy. Suppose President Chávez wanted to increase his popularity with the citizens of Venezuela and enacted a government policy to reduce the price of gasoline sold at state-owned gas stations to 50 percent of the previous price. This policy is called a:
A) laissez faire policy.
B) price floor.
C) price ceiling.
Social Studies
1 answer:
katovenus [111]3 years ago
3 0

Answer:

C) price ceiling

Explanation:

Price ceiling is the price control or the limit which is imposed by the government on how high the price can be charged for the particular commodity, product, or service.

Governments often use price ceilings in order to protect the consumers from conditions which could make the commodities prohibitively expensive.

<u>Thus, President Chávez to reduce the price to 50 percent of previous price comes under the policy of price ceiling.</u>

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Trade and the search for valuable commodities necessitated the establishment of permanent trading posts and, as the Phoenician ships generally sailed close to the coast and only in daytime, regular way-stations too. These outposts became more firmly established in order to control the trade in specific commodities available at that specific site. In time, these developed further to become full colonies so that a permanent Phoenician influence eventually extended around the whole coastline of the ancient Mediterranean and the Red Sea. Their broad-bottomed single-sail cargo ships transported goods from Lebanon to the Atlantic coast of Africa, Britain, and even the Canary Islands, and brought goods back in the opposite direction, stopping at trade centres anywhere else between. Nor was trade restricted to sea routes as Phoenician caravans also operated throughout Western Asia tapping into well-established trading zones such as Mesopotamia and India.

Phoenician sea trade can, therefore, be divided into that for its colonies and that with fellow trading civilizations. Consequently, the Phoenicians not only imported what they needed and exported what they themselves cultivated and manufactured but they could also act as middlemen traders transporting goods such as papyrus, textiles, metals, and spices between the many civilizations with whom they had contact. They could thus make enormous gains by selling a commodity with a low value such as oil or pottery for another such as tin or silver which was not itself valued by its producers but could fetch enormous prices elsewhere. Trading Phoenicians appear in all manner of ancient sources, from Mesopotamian reliefs to the works of Homer and Herodotus, from Egyptian tomb art to the Book of Ezekiel in the Bible. The Phoenicians were the equivalent of the international haulage trucks of today, and just as ubiquitous.

Explanation:

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