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
Elena L [17]
3 years ago
7

For each part below, write a short essay (around 8 sentences) to provide arguments for and/or against the claim presented in tha

t part: (a) (10 points) ”Governments should not try to regulate or interfere with free markets as any such behaviour is bound to cause inefficiency.” (b) (10 points) ”Price mechanism is an effective tool that can be used to achieve efficient provision of public goods.”
Business
1 answer:
9966 [12]3 years ago
4 0

Explanation:

a) A free market would allow the laws of demand and supply to flourish; prices of commodities will be set by manufacturers based on demand. However, Government regulations which interfere with the free market is going to result in feeling the pain of monopoly.

b) Indeed, the price mechanism when controlled by the government can result in efficient provision of public goods.

One such example of a public good ls PMS (premium motor spirit) used as petrol in most vehicles. Controlling the price of petrol by the government in most cases helps avoid excessive charges from petrol stations per pump price.

You might be interested in
When weather or traffic is bad, you should____your following distance
Eddi Din [679]

Answer:

increase

Explanation:

it will give you more time to react if there is a problem, if you break it is more likely your car will slide if the weather is bad, so if the following distance is increased you can break and not rear end someone. and if traffic is bad and someone makes a sudden stop you could hit them, so keeping distance between you and the person infront of you is safer

7 0
4 years ago
You have had $5,500 in a Roth IRA account for 3 years earning 1.2% annual interest. During those 3 years, the rate of inflation
erma4kov [3.2K]

Answer:

Loss in purchasing power =$(96.67)

Explanation:

To determine the change in purchasing power, we will compare the value of the IRA after 3 years to its purchasing power in term the prices there years ago.

The value of 5,500 in 3 years time = 5,500 × 1.012^3 = 5700.385

The purchasing power of 57,000.38 in term's of the price 3 years ago

=5700.385504 × 1/(1.018^3)

= $5403.32

Change in purchasing power =  $5403.32 -  $5,500= $(96.67)

Loss in purchasing power =$(96.67)

8 0
4 years ago
Adidas is using 3D printed shoes which will be custom made at first and then mass manufactured, as unit costs fall. Three-dimens
Nitella [24]

Answer:

c. nearly eliminates transportation of finished goods to distribution centers and retailers

Explanation:

3D printing is a form of additive manufacturing that should help in carbon footprint that are related with the transport sector as the transportation and the storage should be decreased via the technology,

The shoes should be generated on demand basis that depend upon the 3d printing technology so it removed the finished goods transportation to the distribution centers & the retailers

Therefore the correct option is c.

7 0
3 years ago
A dentist decides to offer teeth whitening services to a target market. The dentist's marketers have to consider which character
andrew11 [14]

Answer:

D) intangibility

Explanation:

in this case, the whitening service offered by the dentist has an intangible characteristic since there is no tangible product or service that their potential customers can see, touch, taste, hear or smell. The service offered is something that the potential customers must imagine, i.e. they have to imagine how they would look like if their teeth were whiter.

6 0
3 years ago
Tara earns $8.50 an hour (after taxes) at the pizza place. She is scheduled to work four hours this afternoon. However, her frie
stiks02 [169]

Answer:

5 and 2

Explanation:

5 because Tara works $8.50 per hour which she is scheduled to work for 4hours that afternoon is

8.50*4=34 and because she does not do this, it costs her $34

2 because it is stated that kayla called her to go to the movie so meaning she too is going to the movie and she will spend $9.50 so she cannot spend that same money elsewhere and $9.50 becomes her opportunity cost

4 0
3 years ago
Other questions:
  • When you purchase an turn in a store, you may be charged with
    10·2 answers
  • Suppose the economy is in a recession. The economy needs to expand by at least $400 billion, and the marginal propensity to cons
    6·1 answer
  • The _____ adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP).
    5·2 answers
  • Three brothers of a family own a furniture showroom. Each of them is actively involved in handling the day-to-day business activ
    10·1 answer
  • Park & company was recently formed with a $6,900 investment in the company by stockholders in exchange for common stock. the
    6·1 answer
  • Estephanie, Yahaira, and Adamaris, all African Americans, worked in the advertising department of a large cosmetic company with
    14·1 answer
  • Jay is an 21 year old college senior. He reads on a financial blog that interest rates are being lowered by the Federal Reserve.
    12·2 answers
  • (ASAP!!!!)
    6·1 answer
  • 11. Do you think consistent increase in a country's imports has a favourable impact on its production and employment? WHY?
    6·1 answer
  • The December 31, 2020 balance sheet of Barone Company had Accounts Receivable of $400,000 and a credit balance in Allowance for
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!