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Goryan [66]
3 years ago
14

explain the problems that occur when government institutes wage and price controls, and explain the rationale for these controls

​
Business
1 answer:
borishaifa [10]3 years ago
5 0

If the government institutes wage and price control, companies may lose some profits. Usually if there is an increase in wages, a company will charge more to make up for the increased costs. However, if prices are also controlled by the government, companies may not be able to recover those increased costs.

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5. A nation's frictional unemployment rate is 1%. Its cyclical rate of unemployment is 9.7%, and its structural
umka2103 [35]

Answer:

14.7%

Explanation:

Frictional unemployment occurs when a person willingly quits his/her job in order to seek a better job.

Structural unemployment occurs when a person's skills do not fit the skills required by the firms that are hiring.

Cyclical unemployment results from a decrease in economic activity.

7 0
3 years ago
Before introducing the new software, Star Software Inc., conducted benchmark activities to assess how popular the product would
barxatty [35]

Answer: C. Access the current reality

Explanation:Accessing the current reality of a market or product involves conducting certain benchmark activities in other to access or identify the challenges which may hinder the product or market from reaching the intended height. Current reality assessment is a fundamental step in making a product launch as a good reality assessment will pave the way to making success and generating the company's projected revenue from the product. It is an important aspect of the strategic management process as it projects the popularity of the intended product.

3 0
3 years ago
Based on what you learned in The Power of the Informal Economy video, what is the informal economy and how many people in the wo
frosja888 [35]

Answer:

1.8 billion people are employed in System D.

Explanation:

System D is a large informal economy. It is an open economic arena where everything is available. Though it is very large, it doesn’t include two-thirds of the workers in the world. The people who are a part of System D are about 1.8 billion people in the world. The economy is worth $10 trillion per year.

In informal economy varied set of economic activities happen. The enterprises, jobs and workers are not regulated or protected by the state. It is basically mean self-employment in small enterprises.

Yes, United States has an informal economy. Government does not tax or monitor the black market and market of illegal drugs.

5 0
3 years ago
A microeconomist — as opposed to a macroeconomist — might study
Rudiy27
Microeconomics is the study of the effects of changes to small individual decisions  A)  Is huge, study of the whole country.  B)  Is huge, nationwide production increase C) this effects just one industry.   D) again huge, nationwide effects of interest rates on GDP.  So C.

3 0
3 years ago
What are things you can do to manage the risks in your life to reduce any financial losses?
meriva
Spend carefully use discounts monitor your spending create list on how much you spend etc.
5 0
3 years ago
Read 2 more answers
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