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exis [7]
3 years ago
11

When several hurricanes hit Florida in 2004, a number of local governments imposed price controls that prevented sellers from ra

ising their prices for badly needed products like plywood and generators. In the areas where the controls were imposed, they resulted in ___________.a. an expanded availability of these badly needed products. b. a reduced availability of these badly needed products. c. an increase in the speed with which people recovered from the hurricanes. d. a more efficient allocation of these goods for which price controls were in effect.
Business
2 answers:
lianna [129]3 years ago
5 0

Answer:

B) a reduced availability of these badly needed products.

Explanation:

"The road to hell is paved with good intentions" is the translation from an old French quote from Saint Bernard of Clairvaux. It is still as valid today as it was centuries ago.

The government imposed a price ceiling which was not binding, in other words, it was above equilibrium price. The whole purpose of this action was to prevent speculators from selling basic necessities at higher prices. The problem with this reasoning is that even though non binding price ceiling do not cause shortages under normal circumstances, this wasn't a normal circumstance.

As demand dramatically increased, the equilibrium price would naturally increase, but the price ceiling prevented that. What was one a non binding price ceiling turned into a binding price ceiling, and now the deadweight losses and lost economic efficiencies will always show up. So the worst case scenario became a self-fulfilling prophecy.

Something similar is happening right now in areas that have been hit hard by the corona virus and things are getting out of control pretty fast. Shelves at the supermarkets are all empty, and even though the stores themselves have plenty of stock, since they do not know when and at what price they will be able to replenish their stocks, they only partially replenish their shelves everyday. At my house we had to spend a whole day shopping at every single supermarket and grocery store that we could find until finally we got almost everything that we needed. Under normal circumstances, we should have gotten everything from one single place, and in this case this is really bad because we had to go to 5 different places and we are talking about a disease, not a hurricane.

liberstina [14]3 years ago
3 0

Answer:

a reduced availability of these badly needed products.

Explanation:

Price control is when the government imposed a price regime that is aimed at protecting the consumer from over pricing by sellers. When price ceilings are imposed there is a maximum price the the seller cannot go above in pricing of products.

In this case if ocal governments imposed price controls that prevented sellers from raising their prices for badly needed products like plywood and generators. It will result in reduced availability of the products to these areas.

Sellers tend to reduce amount supplied, due to scarcity consumers will have to buy at black market prices that are higher.

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Capitalizing costs that should be expensed: a. is a practice mostly found in large, well-established companies. b. is a healthy
EleoNora [17]

Answer:

Option D. Has the effect of increasing net income by the same amount of the capitalized costs.

Explanation:

The reason is that the capitalized costs are the invesments in any assets whose useful life is more than one year and must be depreciated over useful life of the assets. If a expense nature cost is capitalized which must not be capitalized according to IAS 16 Porperty, Plant & Equipment then the expenses are understated which means that the profits are overstated. This means that presenting expenses as assets will increase the profits as costs will be fewer in amount presented in the financial statements.

8 0
3 years ago
Which one of these is NOT collaboration?
Mazyrski [523]

Of all the items relating to collaboration, Independent practice is the odd one out as it is not one of the methods of collaboration.

See the explanation bellow

<h3>What is collaboration?</h3>

In simple terms, collaboration is a way of working with one or more persons on a project or a task, in essence, it reflects team work and team spirit encourages efficiency and good work output.

When a team consists of team members who collaborate effectively, one member can cover up for the shortcoming or the other.

Learn more about the collaboration here:

brainly.com/question/24345164

#SPJ1

7 0
2 years ago
If money is paid when a change of ownership in a life insurance policy takes place, this is generally known as a ____________.a.
valina [46]

Answer:

The correct answer is A

Explanation:

Transfer of value is the term which is defined or described as the rule that stipulate when any interest in the policy or the life insurance policy is transferred for something of value such as property and money. A portion of the death advantage is subject to be taxed on the ordinary income.

So, when the money or amount of money is paid if the change of ownership in the life insurance policy happen or occur, then it is usually known as the transfer of the value.

6 0
3 years ago
Creating a chant that rhymes to remember information is a memorization technique.
jolli1 [7]

Answer:

OT

Explanation:

BECAUSE I AM SMART AND BECAUSE I TOOK THAT SAME CLASS

6 0
3 years ago
Whipple Corp. just issued 280,000 bonds with a coupon rate of 6.02 percent paid semiannually that mature in 25 years. The bonds
sesenic [268]

Answer:

529.64 million or $529,639,600 was received from the sale of bonds.

Explanation:

Money Raised from the sale is based on the current value of the bond. Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

As per given data

Face Value = $2,000

Coupon payment = $2,000 x 6.02% = $120.4 /2 = $60.2 semiannually

Number of period = n = 25 years x 2 period per year = 50 period

Yield to maturity = 6.46% annually = 6.46% / 2  = 3.23% semiannually

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $60.2 x [ ( 1 - ( 1 + 3.23% )^-50 ) / 3.23% ] + [ 2,000 / ( 1 + 3.23% )^50 ]

Price of the Bond = $1,483.51 + $408.06 = $1,891.57

Cash received = Number of bonds x Price per bond = 280,000 x $1,891.57 = $529,639,600

3 0
3 years ago
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