1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Annette [7]
2 years ago
7

Use a well labelled graph to explain why the introduction of maximum prices in the petrol industry will not be an ideal decision

for the country's economy. (8)​
Business
1 answer:
-Dominant- [34]2 years ago
5 0

A country's economy will go on a decline if there is a hyperinflation in the petrol prices.

<h3>What is hyperinflation?</h3>

Extreme increase in prices in a very short span of time is regarded as the condition of hyperinflation. If there is hyperinflation in the petrol prices, its demand will be lowered and people will look for substitutes.

Thus, increase or hyperinflation in the petrol prices will lead to declining of a country's economy and will not serve as a wise decision.

Learn more about hyperinflation here:

brainly.com/question/22313119

#SPJ1

You might be interested in
Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $420 and has a unit contributi
sergey [27]

Answer:

the  firm's contribution margin per composite unit is $8,775

Explanation:

The computation of the firm's contribution margin per composite unit is given below:

= $165 × 5 + $510 × 9 + $560 × 6

= $825 + $4,590 + $3,360

= $8,775

Hence, the  firm's contribution margin per composite unit is $8,775

Therefore the same is to be considered and relevant

7 0
3 years ago
Chance to win 50 points
Elenna [48]

Answer:

2nd place

Explanation:

I feel like this is the right answer, I'm just guessing.

8 0
3 years ago
Read 2 more answers
Which of the following statements accurately describes the free enterprise
Readme [11.4K]

Answer:

Businesses are generally free of government ownership and

control

Explanation: The answer is C.

6 0
3 years ago
The premium on a three-year insurance policy expiring on December 31, 20x11, was paid in total on January 1, 20x9. The original
bezimeni [28]

Answer:

b. The same as it would have been if the original payment had been debited initially to an expense account

Explanation:

We can use an example to explain this:

original journal entry to record a 3 year insurance policy on January 1 is:

Dr Prepaid insurance 3,600

    Cr Cash 3,600

Adjusting entry on December 31

Dr Insurance expense 1,200

    Cr Prepaid insurance 1,200

balance of prepaid insurance = $3,600 - $1,200 = $2,400

If instead of recording prepaid insurance on January 1, you recorded insurance expense:

Dr Insurance expense 3,600

    Cr Cash 3,600

Adjusting entry on December 31

Dr Prepaid insurance 2,400

    Cr Insurance expense 2,400

balance of prepaid insurance = $2,400

5 0
3 years ago
Due to technological changes in the nature of work and global competition, the Dictionary of Occupational Titles (DOT) has been
zysi [14]

Answer:

a. True

Explanation:

DOT stands for the Dictionary of Occupational Titles. It is the publication which was produced by the Department of Labor of the United States of America for the working people that helped the employers, the government officials, and the other workforce development professionals in order to define over 13,000 different types of work from 1938 to the late 1990s.

But now, due to the advancement in technologies and change in the nature of job of many works the previous publication was replaced by the new Occupational Information Network which suits with todays technology and development in the working conditions. It is shortly known as the O*NET.

Hence the answer is TRUE.

4 0
3 years ago
Other questions:
  • Hawke Skateboards is considering building a new plant. Bob Skerritt, the company's marketing manager, is an enthusiastic support
    14·1 answer
  • With regard to a prior perfected security interest in goods for which a financing statement has been filed, which parties is mos
    10·1 answer
  • Blossom Company began the year with retained earnings of $390000. During the year, the company recorded revenues of $489000, exp
    14·1 answer
  • The following additional details are provided for the​ year: Direct materials placed in production $ 81 comma 500 Direct labor i
    8·1 answer
  • Kleen Company acquired patent rights on January 10 of Year 1 for $857,700. The patent has a useful life equal to its legal life
    5·1 answer
  • You are considering purchasing stock S. This stock has an expected return of 12 percent if the economy booms, 8 percent if the e
    5·1 answer
  • Given the following data for Coronado Industries, compute cost of goods manufactured: Direct materials used $120000 Beginning wo
    6·1 answer
  • Which statement best describes the relative risk of two types of investment?
    6·1 answer
  • Transaction exposure reflects: a.the exposure of a firm's financial statements to exchange rate fluctuations. b.the exposure of
    6·1 answer
  • which one of the following documents must normally be approved by the ceo or similarly high-level executive?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!