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mixer [17]
4 years ago
10

When markets don't achieve efficiency, then:

Business
1 answer:
ollegr [7]4 years ago
6 0

Answer:

c. government may intervene to improve society's welfare

Explanation:

In order to address inefficiency, governments meddle in markets. Resources are completely assigned to those who need them to the extent they need in an ideally efficient market. Inefficiency may take various forms. Through governing, taxing and subsidizing the government tries to counter these disparities.

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What is real output equivalent to? A. Nominal GDP B. Real GDP C. Real interest rate
12345 [234]
The real output equivalent to the Real interest rate.That's the correct answer 
5 0
3 years ago
Explain why non-governmental organizations (NGOs) like the cooperatives described in the Fair Trade material play an important r
liubo4ka [24]

Answer:

Non-Governmental Organizations or NGOs have become an extensively discussed theme in the third world countries as well vastly in social business world. The NGOs have appeared as the savior of countless number of people without food, cloth, education and basic health facilities. NGOs can continue playing the role of catalyst in the attainment of sustainable economic growth and development provided, an endurable, warm and dependable relationship is there between the government and NGOs where both are working for the benefit of the people with numerable activities. Their main tasks are to organize these people, create awareness in them and make them development oriented. These organizations are working based on the assessed need and demand of the grass root level farmers and women. By involving the beneficiaries of overall national planning for development.

Non-governmental Organizations (NGOs) play an important role in the economic development of developing countries. They provide services to society through welfare works for community development, assistance in national disasters, sustainable system development, and popular movements. They take numerable for actions developing our society. Although agriculture sector is the main source of income for this rural-agro based country, unfortunately this sector has completely failed to create rewarding employment opportunity for the landless. Considering these overall situations, the NGOs are working on poverty eradication by directly involving the poverty stricken population. Their main tasks are to organize these people, create awareness in them and make them development oriented. These organizations are working based on the assessed need and demand of the grass root level farmers and women. By involving the beneficiaries directly, they are working within the context of overall national planning for development.

Explanation:

4 0
4 years ago
Prepare journal entries to record the following transactions for Sherman Systems.
tino4ka555 [31]

Answer:

The journal entries required for the redemption as well as the two instances of stock sale is given in details below:

Explanation:

 DR CR

11-Oct Treasury stock 5000shares @$5 each 25000  

          Cash                                                                      25000

Being own shares repurchased  

1-Nov    Cash                                                    31000  

Treasury stock 1000 shares issued @$31 each         25000

Paid-in-capital treasury stock                                   6000

Reissuing treasury stock a higher price  

25-Nov Cash                                                     80000  

Paid-in-capital treasury stock                     6000  

Retained earnings                                             14000  

Treasury stock                                                      100000

Reissuing treasury stock at a  lower price  

3 0
3 years ago
If a firm is a factor price taker in the labor market,a) it will continue to hire workers as long as MFC > MRP. b) it must pa
pav-90 [236]

Answer:

d) it can hire all the workers it wants to at the going wage rate.

Explanation:

The price taker means the company or an individual is ready to accept the prices that are prevailed in the market

In the case when a firm is a price taker in the labor market also it cannot set the prices as expected. The attached diagram represent the flat supply curve. It hire the workers depend upon the MPR and the factor supply curves

Therefore in the given situation, the last option is correct

8 0
3 years ago
______ The Financial Accounting Standards Board (FASB) is the primary organization responsible for setting accounting standards
gizmo_the_mogwai [7]

True

The Financial Accounting Standards Board (<em>FASB</em>) is an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States, following generally accepted accounting principles (<em>GAAP</em>).

4 0
3 years ago
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