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Contact [7]
2 years ago
6

According to the textbook, government price controls fail because: A. they are not enforced. B. legislation cannot repeal basic

economic motives. C. bureaucrats lack accurate market data. D. firms ignore the restrictions.
Business
1 answer:
Morgarella [4.7K]2 years ago
4 0

Answer:

The correct answer is letter "B": legislation cannot repeal basic economic motives.

Explanation:

Government price controls are regulations imposed by the central government of a country to set limits on prices of certain goods or services because of a surplus, shortage or simply to maintain the demand and supply of those products at their equilibrium level.  

However, the demand for some of those products could be unpredictable because individuals could react in opposite directions even if the government has set rules against consumers' favor. <em>Customers' motives might not be always repealed by legislation</em>.

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A registered representative sells 1,000 shares of ABC for a customer at $30 per share, the current market price, with instructio
den301095 [7]

Answer:

is right and the registered representative must reimburse the total proceeds from the transaction.

Explanation:

The customer's 1,000 shares "multiplied" to 1,500 shares since ABC split its stock. For every 2 ABC stocks, the stockholders received 3, and the customer should receive (1,000 / 2) x 3 = 1,500. The total value of the customer's stock didn't change since each stock instead of selling at $30, is now worth $20. The problem is that the RR paid the customer only for the original 1,000 stocks, not the 1,500.

4 0
2 years ago
Though unions can negotiate pay increases for their members, their actions can have unintended consequences for workers. Identif
lakkis [162]

Answer:

(a) Firms could possibly respond to unions demands for higher wages by hiring fewer workers.

(b) Firms could possibly respond to unions demands for higher wages by substituting capital for labor.

Explanation:

Unions are formed to work toward better working conditions and welfare of staff.

Workers act collectively to negotiate better terms of employment with the employers.

However when unions try to negotiate for increased pay the employer may take different actions that will bad for the employee.

The employer may decide to actually pay the higher wage but hire fewer workers. This is usually the case when higher wages for many employees will result in loss for the employer.

Secondly the employer may substitute capital for labour. For example investing more in use of machines and reducing labour.

From the employer's viewpoint this will result in lower labour cost due to higher wage payment

8 0
3 years ago
Which of the following actions can be an example of a signal designed to reduce the impact of asymmetric information? A. A money
VladimirAG [237]

Answer: Option (A) is correct.

Explanation:

From the given options, the following actions can be an example of signal designed to reduce the impact of asymmetric information: <em>Money-back guarantee.</em>

A money-back guarantee can be referred to as an essential that guarantee, if a consumer/individual is not satisfied with commodity or service, refund to the respective account will be made. Money-back guarantee reduces the impact of asymmetric information between a consumer and seller.

5 0
2 years ago
Sophia's goal is to run her own bakery. What degree might be beneficial for Sophia to pursue in order to reach her goal?
masha68 [24]

Answer:

Bachelor's degree in business management

Explanation:

Computer science and mathematics could help her while running the bakery, but won't be the most beneficial. Elementary education wouldn't really be at all helpful when running a business.

Sophia wants to run her own bakery, which is a business. Therefore, a bachelor's degree in business management will be the most helpful for Sophia.

5 0
3 years ago
Which diagram arranges the types of business organizations from the most
Zinaida [17]
Can you show the diagram
3 0
3 years ago
Read 2 more answers
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