Answer:
B. the unrestrained market economy leads to too few or too many resources going to a specific economic activity.
Explanation:
The economic situation whereby the distribution of goods and services in the free market becomes inefficient is known as Market Failure. It is the phenomenon in which price system fails to account for all the costs and benefits necessary to provide and consume a good or service. It occurs when the unrestrained market economy leads to too few or too many resources going to a specific economic activity. It also occurs when there is a state of disequilibrium in the market due to market distortion.
Answer:
Equilibrium quantity and price will decrease
Explanation:
Inferior goods are the products or services whose demand increases with an increase in price. An Inferior good contracts a normal product whose demand falls with a rise in price. Should consumer's incomes increase, the demand for inferior products and services will decrease.
If potatoes are inferior goods, an increase in incomes will result in a decrease in their demand. The equilibrium quantity will decrease. If and a new higher-yielding variety of potato plant is developed, it will create competition for the inferior potatoes. With an increase in income, consumers tend to prefer 'perceived' high-quality and more costly products. The new higher-yielding variety will be demanded more, which will result in a decline in prices for the inferior potatoes.
Answer:
$3,000
Explanation:
Data provided in the question
Gain received while exchanged = $3,000
Received cash = $5,000
Based on the above information, the Cindy recognize the gain i.e $3,000 which is received while exchanged it
Therefore in the given case, the Cindy have to recognize the gain for $3,000
The cash amount received should be ignored
Under the substantial presence test formula, Andrea is deemed physically present in the United States for 183 days in 2023.
This is calculated by adding the 150 days of physical presence in 2023 to the 1/3 of the 120 days physical presence in 2022, plus 1/6 of the 90 days of physical presence in 2021 (which is 40 days).
Therefore, the total is calculated as: 150 + (1/3 * 120) + (1/6 * 90) = 183 days.
Physical Presence refers to the precise period during which the parent was physically present in the country. This implies that any trips outside of the country, even vacations, should be avoided.
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