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4vir4ik [10]
2 years ago
8

Though markets can provide goods that are excludable but nonrival, they do so at the price of: equity. inefficiency. inequity. e

fficiency
Business
1 answer:
OverLord2011 [107]2 years ago
5 0

Though markets can provide goods that are excludable but nonrival, they do so at the price of <u>inefficiency </u>

Explanation:

An excludable but non-rival product is also known as 'club goods'

Unlike public goods which are accessible to everyone and have no rivals, club goods are not accessible to everyone, only to those who can pay for them. At the same time, they have no rivals in the market.

This is a clear indication of an inefficient economy because such a product means there is a monopoly operating in the market.

An example of this can be a cable operator in an area. It dominates the market and has no rivals or competitors but its service is only accessible to people who can pay for it. However, in the same area, a Free Public television channel is the opposite, having no rivals but also being accessible.



To learn more about excludable but non-rival goods Click here: brainly.com/question/25498461

#SPJ4

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According to U.S. GAAP, asset retirement obligations are ________.
Vika [28.1K]

Answer:

D) long-term legal requirements to restore property

Explanation:

5 0
3 years ago
The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a mi
ICE Princess25 [194]

<u>Explanation:</u>

First, remember that the difference between <em>normative and positive economic analysis</em> is that;

Normative analysis take a somewhat neutral view by stating how the world should be. While

The Positive analysis states the facts. That is, it describes the world as it is.

<u> Thus, a </u><u>Normative analysis</u><u> of the consequence of minimum​ wage would be the following statements:</u>

c. In some cities such as San Francisco and New​ York, it would be impossible for low−skilled workers to live comfortably in the city without minimum wage laws.

d. The gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.

<u>And a </u><u>Positive analysis</u><u> of the consequence of minimum​ wage would be the following statements:</u>

a. The minimum wage law causes unemployment.

b. A minimum wage law benefits some groups and hurts others.

4 0
3 years ago
Job specifications can be defined as: a. planned sequences of jobs through which employees may advance within an organization. b
Alona [7]

Answer:

Option d would be the correct approach.

Explanation:

  • The organized database of the important tasks required in carrying out a task that has been extrapolated from such a job description and used in job classification and assessment and personnel policies as well as positioning.
  • This usually includes tasks, intent, obligations, nature including employment conditions of a position including the description of the position, as well as the identity or description of the individual the input data to.

Many examples do not apply to the subject being discussed. So option d is indeed the right one.

4 0
3 years ago
Blossom Company's accounting records show the following for the year ending on December 31, 2017.
LuckyWell [14K]

Answer:  $678,220

Explanation:

Given that,

Purchase Discounts = $ 11,000

Freight-in = $15,300

Purchases = $689,020

Beginning Inventory = $55,000

Ending Inventory = $45,600

Purchase Returns and Allowances = $15,100

Cost of goods purchased:

= Purchases + Freight in - Purchase discounts - Purchase returns and allowances

= $689,020  + $15,300  - $ 11,000  -  $15,100

= $678,220

4 0
3 years ago
Which of these options for saving money offers the lost liquidity?
daser333 [38]

The option of saving money that offers the most liquidity is a piggy bank. (option C)

<h3>What is liquidity?</h3>

Liquidity can be described as the ease with which an asset can easily be converted to cash. Paper currency and coins is the most liquid assets. Real estate is illiquid because it takes a long time for a real estate asset (e.g a house) to be sold and proceeds converted to cash.

Liquid assets earn less returns when compared with assets that are less liquid. This is because illiquid assets earn an illiquidity premium. An illiquidity premium compensates holders for holding an illiquid asset.

Money in a piggy bank is already in cash or coins and there is no need to convert it to cash again. Also, money in a piggybank is more accessible than the other options.

To learn more about liquidity, please check: brainly.com/question/15691477

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8 0
2 years ago
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