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ExtremeBDS [4]
3 years ago
10

Suppose an economist advises a state's governor to raise the tax on cigarettes. The governor does not implement the policy becau

se it would not be popular with voters. Which of the following statements best describe the scenario?
a. This is an uncommon occurrence. More often than not, policymakers follow the advise of economists
b. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons
c. This would never happen because policymakers always follow economists' advice
d. This is a common occurrence. Policymakers typically disregard economists' advice since they don't believe it's useful
Business
1 answer:
Fiesta28 [93]3 years ago
6 0

Answer:b. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons

Explanation:Policymakers are usually politicians and politicians always consider what is most favoured by the public which is likely to score them more fans and anything that is popular amongst the public they will support so that they win more voters other than that they will neglect even the best policy if it means they may lose their voters.

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A government-imposed price of $12 in this market is an example of a
andreev551 [17]

Answer. C Binding price floor that creates a surplus

Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.

5 0
3 years ago
An externality is internalized if a. the person(s) or group that generated the externality incorporate into their own private co
Veseljchak [2.6K]

An externality is internalized (a) if the person(s) or group that generated the externality incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear.

Explanation:

<u>Internalizing the externality means transferring the burden or the cost of a negative externality (like pollution or traffic congestion) to inside(i.e external to internal).</u>

<u></u>

  • <u>Internalization of externality can be done through taxes, property rights, tolls, and government subsidies.</u>
  • <u>The only way of correcting an externalities is to "internalize" the third party cost involved but this market -driven approach is not feasible </u><u>if the true monetary values cannot be determined.</u>

An externality is internalized if the person(s) or group that generated the externality incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear.

4 0
3 years ago
Ahnberg Corporation had 580,000 shares of common stock issued and outstanding at January 1. No common shares were issued during
Alexandra [31]

Answer:

basic earnings per share = $1.90

diluted earnings per share = $1.25

Explanation:

<em>Basic Earnings per share = Earnings attributable to holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding.</em>

where,

Earnings attributable to holders of Common Stock = $1,222,000 - $120,000 = $1,102,000

and

Weighted Average Number of Common Stocks Outstanding = 580,000 shares

therefore,

Basic Earnings per share = $1.90

<em>Diluted  Earnings per share = Adjusted Earnings attributable to holders of Common Stock ÷ Adjusted Weighted Average Number of Common Stocks Outstanding</em>.

where,

Adjusted Earnings attributable to holders of Common Stock = $1,222,000

and

Weighted Average Number of Common Stocks Outstanding = 580,000 + 400,000 = 980,000 shares

therefore,

Diluted Earnings per share = $1.25

7 0
3 years ago
How can being open to transfers help employees in their career growth?
nataly862011 [7]
The answer would be B hope it helps :)
8 0
2 years ago
Read 2 more answers
Which of the motivational theories below argues that employee productivity increases as managers pay more attention to their emp
Fofino [41]

Answer: Two Factor Theory

Explanation:

The two factor theory is also referred to as the Herzberg's motivation-hygiene theory and it states that job satisfaction and job dissatisfaction in a workplace are caused by different factors and these factors act independently of each other.

The factors are the hygiene factors and

the motivating factors. If the hygiene factors isn't present, an employee will work less. On the other hand, the motivating factors will make an employee to work harder when it's present.. Two factor theory argues that employee productivity increases as managers pay more attention to their employees.

7 0
3 years ago
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