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
olga nikolaevna [1]
3 years ago
8

You have responsibility for economic policy in the country of Freedonia. Recently, the neighboring country of Sylvania has cut o

ff all exports of oranges to Freedonia. George, who is one of your advisors, says that the best way to avoid a shortage of oranges is to take no action at all. Charles, another one of your advisors, argues that without a binding price floor, a shortage will certainly develop. Otto, a third advisor, suggests that you should impose a binding price ceiling in order to avoid a shortage of oranges. Which of your three advisors is most likely to have studied economics?
A. George
B. Charles
C. Otto
D. Apparantly, all three advisors have studied economics, but their views on positive economics are different.
Business
1 answer:
garik1379 [7]3 years ago
8 0

Answer: C) Otto

Explanation: Unlike the general perception evidenced in the research, having inflation is not a negative event. In fact, enjoying constant and controlled price increases is a sign that the demand for households is good, which translates at the same time into a greater need for production which ultimately results in economic growth.

You might be interested in
Explain why electronic file organization is a key skill for todays workplace​
QveST [7]

It allows workers to transfer, update, or share files within seconds.

7 0
3 years ago
In today's decentralized business world, ________ the most important strategic decisions.
prisoha [69]
In today's decentralized business world, TOP MANAGERS are the most important strategic decision makers. Decentralization means distribution of decision making power through the hierarchy of an organization. Decentralization has increases in today's business world as it provides a dynamic environment to work.
Though, in decentralization power is also in hands of lower managers, middle managers, etc the top level managers still hold the rights to make decisions.
6 0
3 years ago
If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t
Ainat [17]

Answer:

Future value equals the present value multiplied by one plus the rate of interest in decimals.

Explanation:

Future value = present value x (1 + interest rate)

Interest rate = present value x interest rate

3 0
3 years ago
A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350
Triss [41]

Answer:

Ending inventory= $494

Explanation:

Giving the following information:

On January 26, the company sells 350 units. 150 units remain in ending inventory on January 31.

January 1: 320 units for $3.00

January 9: 80 units for $3.20

January 25: 100 units for $3.34

Ending inventory= 100*3.34 + 50*3.2= $494

6 0
3 years ago
Sebastian purchases two pieces of equipment for $100,000. Appraisals of the equipment indicate that the fair market value of the
Schach [20]

Answer:

$100,000

Explanation:

According to the internal revenue service ''<u>In most situations, the basis of an asset is its cost to you.</u> <u>The cost is the amount you pay for it in cash</u>, debt obligations, and other property or services. Cost includes sales tax and other <u>expenses connected with the purchase</u>.''

Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.

Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation . In the scenario we have no depreciation figures, hence the basis is the cost of $100,000

8 0
3 years ago
Other questions:
  • President obama announced a $100,000,000 humanitarian aid package to haiti to support its earthquake relief. england's parliamen
    13·1 answer
  • Think about the ideal job that you would like to obtain after graduation. Describe this job, the kind of manager you would like
    7·1 answer
  • What experience would least demonstrate to an employer that you have the skills to be an assistant to a newspaper reporter?
    6·1 answer
  • Which activity is a part of personal financial planning?
    15·2 answers
  • A perpetuity of $6,000 per year beginning one year from today is said to offer a 15% interest rate. What is its present value? g
    10·1 answer
  • A method of concealing receivables skimming by crediting one account while abstracting money from a different account is known a
    10·1 answer
  • What is the present worth of these future payments? (a) $25,500 eight years from now at 12% com-pounded annually. (b) $58,000 tw
    12·1 answer
  • An increase in the demand for gasoline today caused by concerns that gasoline prices will be higher tomorrow is most likely attr
    12·1 answer
  • Smithson, Inc. produces two types of gas grills: a family model and a deluxe model. Smithson’s controller has decided to use a p
    7·1 answer
  • A Registered Investment Adviser (RIA) is formed as a partnership. The RIA intends to charge an incentive fee that is based on in
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!