Both ________ and ________ are monetary liabilities of the fed.

A binding price ceiling for apartments (effective rent control) will:

wolverine [178]

Answer: lead to a shortage cause quantity demanded exceeds quantity supplied of rental housing.

Explanation: A price ceiling is a government regulated price control that sets the legal maximum price that can be charged for a good. The price ceiling is binding when it is set below the equilibrium price. In this situation, the price ceiling prevents the forces of demand and supply to intersect at the equilibrium price. At the ceiling price, demand for the good is greater than its supply. Thus, an effective price ceiling which is set below the equilibrium price creates a shortage in the market.

5 0

3 years ago

The pharmaceutical industry often justifies the high prices for new drugs by arguing that they research as many as one hundred n

gizmo_the_mogwai [7]

Blockbuster is your answer

3 0

3 years ago

Malko Enterprises’ bonds currently sell for $1,020. They have a 6-year maturity, an annual coupon of $75, and a par value of $1,

mel-nik [20]

Answer:

Current yield = <u>Annual coupon</u>

Current market price

Current yield = <u>$75</u>

$1,020

Current yield = 0.0735 = 7.35%

The correct answer is D

Explanation:

Current yield equals annual coupon divided by the current market price of the bond.

3 0

3 years ago

Prepare the December 31 adjusting entries for the following transactions with JE explanations. 1. Fees accrued but not billed, $

disa [49]

Answer:

Adjusting Entries

Date Description Debit Credit

1. December 31 Fees Revenue $6,300

Account Receivable $6300

2. December 31 Supplies Expense $3,790

Supplies Inventory $3,790

3. December 31 Wages Expense $2,700

Wages Payable $2,700

4. December 31 Depreciation Expense $1,650

Accumulated Depreciation $1,650

December 31 Rent Expense $10,800

Prepaid Rent $10,800

Explanation:

Supplies Expense = $4,750 - $960 = $3,790

Rent expired term is considered as there is a prepaid rent balance of $10,800

3 0

3 years ago

A cartel is a type of found in many countries. It is an agreement in which businesses agree not to with each other. Unlike many

lubasha [3.4K]

Answer:

C. They tend to produce thing with the same characteristics. Examples would include diamonds and oil.

Explanation:

A cartel is an organization established with a formal agreement between a group of producers of a good or service to regulate supply in order to regulate or manipulate prices.

In another parlance, a cartel is a collection of independent businesses or countries that act together as a single producer and thus fix prices for the goods they produce and the services they render, without competition.

An example of a cartel is The Organization of Petroleum Exporting Countries (OPEC). OPEC is the world's largest cartel. It is a group of 14 oil-producing countries whose purpose is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets.

3 0

3 years ago