All categories

4 years ago

To what degree can governments control prices or quantities of goods and services exchanged?

1 answer:

5 0

Governments have two main mechanisms for controlling the prices or quantities of goods and services exchanged, subsidies and taxes. Subsidies can be used to manipulate supply by rewarding supplies for producing, or not producing a target good. For internal trade, taxes can be used to manipulate demand by raising the cost of goods sufficiently that the potential pool of willing buyers is reduced. For external trade, tariffs offer similar effects.

You might be interested in

A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p

marin [14]

Answer: The correct answer is "(B) Amputation procedures for diabetes sufferers".

The price elasticity of demand measures the degree of response of the quantity demanded of a good, given the change in the price of that good.

The demand for a good or service is less elastic when, given a change in the price, the demand varies in a smaller amount and the demand for a good or service is more elastic when, before a change in the price, the demand varies by greater or equal. Quantity than the price.

Between a diamond necklace and amputation procedures for patients with diabetes it is clear that the demand for amputation procedures for patients with diabetes is less elastic than that of a diamond necklace, since being a consequence of a disease and being treated of the health of the people the demand varies little or very little before a change in the price. On the other hand, a diamond necklace is a luxurious asset, which is not of extreme necessity for people.

7 0

3 years ago

Which of the following would not be an ethical problem created by employee relationships

Volgvan

Answer:

The correct answer is letter "B": Investors expecting a return on their investment regardless of the cost.

Explanation:

Ethical employee relationships arise when one worker does not show his or her personal values affecting another employee. It is the result of the interaction between them that could lead to the violation of the Code of Ethics of the company.

Thus, if investors expect returns on their investments, there is no employee conflict in that situation, ethical or not.

6 0

4 years ago

Bridgeport Corp. has these accounts at December 31: Common Stock, $10 par, 4,800 shares issued, $48,000; Paid-in Capital in Exce

lozanna [386]

Answer:

Total stockholders' equity is $ 100,140

Explanation:

The stockholders' equity section of the balance sheet comprises of the common stock total par value ,the paid-in capital in excess of par value,plus the retained earnings minus the value of treasury stock

Stockholders' equity section of Bridgeport Corp. balance sheet

Common stock,$10 par value,4,800 shares issued $48,000

paid-in capital in excess of par $18,300

total paid share capital $ 66,300

retained earnings $ 43,300

total paid share capital and retained earnings $ 109,600

treasury stock ( $9,460)

Total stockholders' equity $ 100,140

3 0

3 years ago

Read 2 more answers

Which of the following is the best example of a positive question?a. How are price and quantity demanded related?b. How should t

fredd [130]

Answer:

a. How are price and quantity demanded related?

b. How should the government deal with the next recession?

Explanation:

A positive question is the kind of question the answer of which is simply yes or no. They ask about how one thing is rather than how something should be.

In above question, there are two questions which fall in the category of positive questions because of the way they are formed and what they are asking.

6 0

3 years ago

Suppose you are an analyst in the oil refinery industry and are responsible for estimating the equilibrium price and quantity of

Maru [420]

Answer:

1. 80,000

2. $40 per barrel

Explanation:

1. As we can see from the table provided The equilibrium quantity in this market is 80,000 barrels of heating oil per day, as quantity demanded match quantity supplied

2. As we can see from the table provided The equilibrium price is $40 per barrel as in this cost there is an intersection of quantity demanded and quantity supplied. In other words the equilibrium price and quantity could be find out when the quantity demanded equal to quantity supplied

4 0

3 years ago