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Sav [38]
3 years ago
11

Price floors and price supports set a minimum price below which a good or service cannot be sold. Minimum wage laws and agricult

ural price supports are common examples of such price controls. When price floors are used to keep prices above free-market levels in the agricultural industry, which of the following outcomes are common? Check all that apply.
A. Overinvestment in the agricultural industryB. A decrease in the future supply of agricultural goodsC. A surplus of agricultural goodsD. A problem of disposal of surplus agricultural goods
Business
1 answer:
Sergeu [11.5K]3 years ago
7 0

Answer:

C. A surplus of agricultural goods

Explanation:

Un-intervened markets are at equilibrium where Market Demand = Market Supply. Market Supply curve is upward sloping, due to price - supply direct relationship. Market demand curve is downward sloping, due to price - demand inverse relationship. Both curves intersect at equilibrium.

Price floor is minimum mandated price by government, below which a good cant be sold in the markets. It is usually set above market price, to protect the interest of sellers. Eg : Minimum Support price, of agricultural goods, set for protecting interests of sellers (farmers) from volatile prices.

This mandate set artificially high price : leads to supply being more than demand, as supply is directly & demand is inversely related to price. So, supply > demand implies that agricultural goods are at surplus in markets.

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What software is essential for any company doing business on the Web to constantly monitor the activity on a company's network s
storchak [24]

Answer:

The correct answer is: Intrusion detection software.

Explanation:

Intrusion Detection Software or IDS are vital for companies moreover for entities with web-based operations. IDS are specially programmed to detect different types of attacks in the attempt of breaking into the firm's security system and data. There are four (4) types of IDS: <em>Network intrusion detection system (NIDS), Host-based intrusion detection system (HIDS), Perimeter Intrusion Detection System (PIDS), </em>and<em> VM based Intrusion Detection System (VMIDS).</em>

6 0
3 years ago
If you were christina, how would you design a process control plan to ensure that these requirements were met?
Anuta_ua [19.1K]

With the use of the seven standards from the hazard analysis and critical control points (HACCP), Christina must map the manner with a waft chart to discover all possible control points.

Thru the statistics within the flowchart, she wishes to identify vital manipulate points so as to identify the factors in that capacity dangers can be diagnosed and controlled or eliminated. She wishes to set up crucial limits for each of the identified manipulated points in an effort to perceive the requirements or operating variety wherein the food can be thoroughly processed. There will be methods mounted to determine whilst the cooking temperatures have to be monitored.

A process control plan (or just control Plan) is a record describing the technique step, the method's first-rate manages items, responding manipulate methods, and reaction plans. In different phrases, it's far a plan to govern manufacturing/carrier methods to guarantee the product, carrier, and manner necessities are met.

Learn more about HACCP here brainly.com/question/19050794

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8 0
1 year ago
Prior to 1914, Argentina experienced around fifty years of economic growth. During that time, Argentina was ruled by a small amo
Savatey [412]

Answer: Option (B)

Explanation:

The period of growth exhibited by Argentina is referred to as the classic example of their growth under <em>Extractive institutions</em>.  Extractive institutions referred to as the means under which a small organization or group of individuals tend do exploit the population of a nation. Under this case the small group of elites that were ruling Argentina and thus further investing in export of agricultural products,thus effecting Argentina and its population.

3 0
3 years ago
A decrease in energy prices will: decrease short-run aggregate supply. increase short-run aggregate supply. decrease aggregate d
Alex73 [517]

Answer:

increase short-run aggregate supply.

Explanation:

Given that energy is an important part of the production process. It is often considered to be the next in line after labor, thereby having a significant effect on the economy's aggregate supply of real production.

Hence, a decrease in energy prices will decrease the production cost and in turn lead to an increase in short-run aggregate supply, thereby making the SRAS curve shift rightward.

This is because a decrease in energy prices will make it possible for companies to increase their supply of real production at a cheaper cost

7 0
2 years ago
Based on the following cost data, what conclusions can you make about the costs of Product A and Product B?
Basile [38]

Answer:

The answer is D

Explanation:

Product A is a variable cost because variable cost(inputs) increases(decreases) with increase (decrease) units(output).

Whereas for product B;

Though, fixed cost is fixed across all units of output but as the total output increases, the average fixed cost decreases because the same amount of fixed costs now cover a larger number of output produced.

6 0
3 years ago
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