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
Shtirlitz [24]
3 years ago
14

The government responds to market failures and ensure economic stability by limiting the effects of market failures such as ____

__or a __________of market conditions.
A) oligopoly / monopolies

B) imperfect business competition / lack of consumer knowledge

C) increased standard of living / reversal

D) redistribution of income / collapse
Business
2 answers:
andrey2020 [161]3 years ago
8 0

Answer:

The correct answer is letter "D": redistribution of income / collapse.

Explanation:

Market Failure happens when the quantity of a product demanded by consumers does not equate to the quantity supplied by suppliers. This prevents equilibrium in the market. Several factors can contribute to a market failure such as <em>negative and positive externalities, monopolies, impairment or immobility of production inputs, </em>and <em>market information breakdown</em>.

Minimum wage loss is often sided as an example of impairment or immobility of production inputs that cost market failure. Often the minimum wage is set higher than the equilibrium price for a particular job. Those critical or minimal wage losses argue that this causes employers to hire fewer employees. Then, the government has to intervene in setting regulations on how to redistribute income.

Andrew [12]3 years ago
7 0

Government intervention is used to counteract market failures such as a redistribution of income and/or a market collapse.

You might be interested in
Martha, the chief designer of StyleSmartz, is considered a role model by her design team members for her role as an effective le
Lerok [7]

Answer:

engage in management openness by encouraging members to voice their opinion.

Explanation:

An important characteristic of management is approachability and openness of the manager to ideas of employees. This gives the manager an idea of the actual state of the workplace facilitating effective resolution of issues as they arise.

When employees know they can freely express themselves without being reprimanded, they better express themselves about challenges encountered.

Also opportunities and methods of doing things better is communicated to the manager

8 0
3 years ago
Suppose the cross-price elasticity of demand between goods X and Y is 4. How much would the price of good Y have to change in or
boyakko [2]

Answer:

Increase by 5%.

Explanation:

Given that,

cross-price elasticity of demand between goods X and Y = 4

Percentage increase in consumption of good X = 20 %

cross-price elasticity of demand = Percentage change in quantity demanded for good X ÷ Percentage change in price of good Y

4 = 20 ÷ Percentage change in price of good Y

Percentage change in price of good Y = 20 ÷ 4

                                                                = 5%

Therefore, the price of good Y must be increase by 5% in order to increase the consumption of good X by 20 percent.

3 0
3 years ago
Experts in operations management for service industry type businesses stress:
stealth61 [152]
The correct answer would be : training employees on quality management
Operational managers are responsible in handling all company's resource to achieve its goal. In a service industry ( like public accounting, maid cleaning services, financial adviser, etc) quality topped any other aspect of the products. That's why experts in operation management will focus on the increasing employees' quality

5 0
3 years ago
USLIUITTUITINCI 1
MissTica

Answer:

The correct answer is letter "B": Law of demand.

Explanation:

The law of demand establishes an inverse relationship between the quantity demanded of goods and services and their price. If the price increases, the quantity demanded will decrease (<em>the demand curve moves to the left</em>). In case the price decreases, the quantity demanded will increase (<em>the demand curve moves to the right</em>).

8 0
3 years ago
The minute karen walks into your mother-in-law's house to visit, she is struck by the strong smell of her perfume. however, afte
fenix001 [56]

Answer:

sensory adaptation

Explanation:

As when you enter a new area basically there is change of environment and the senses activate and if there will be a slight change also in the smell, and quality of air that will be noticed by the body.

After certain time is spent even in the changed environment the body starts accepting such change and accordingly after few minutes even though the smell was recognizable earlier will have no effect now.

This is called sensory adaption, that is with some time the senses adapt such change.

5 0
3 years ago
Other questions:
  • Sql has built-in functions, which are also called ____________________ functions.​
    15·1 answer
  • Classify each characteristic as relating to a fixed exchange rate regime or a flexible, or floating, exchange rate regime.a. sig
    8·1 answer
  • Under FINRA rules, to recommend a direct participation program to a customer, the registered representative must ascertain that
    8·1 answer
  • What is the definition of present value?
    13·1 answer
  • Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $199,200 of raw materials on credit
    12·1 answer
  • Identify Project Needs The first step in any media-driven project is to determine whether the project is relevant to the purpose
    10·1 answer
  • Indicate the missing amount for each letter.
    15·1 answer
  • How might a business learn about a proposed process improvement through a prototyping activity? What is the fundamental purpose
    6·1 answer
  • What could support autoedge's ability to generate economic profits over the long term?
    7·1 answer
  • What do americans consider to be a signal of progress in a business negotiations with foreigners?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!