The correct answer is that the price elasticity of demand is elastic.
Price elasticity occurs when a change in price results in a change in demand. In this example, a 20 percent increase in the price of the drinks resulted in a 25 percent decrease in the demand for the product. Because the price increase resulted in a demand decrease the price is elastic.
The answer is: A) True
Consumer law was created to help prevent and detect fraudilent business practices.
The bloated Medicare and Medicaid bureaucracy is highly inefficient.
What is bureaucracy?
A complex organization with multilayered systems and procedures is called bureaucracy. Effectively implemented systems and procedures slow down decision-making. They are intended to uphold control and homogeneity inside the company. The use of rules and procedures, whether verbal or written, to manage an organization is known as bureaucracy. In Weber's view, the ideal bureaucracy has a division of labor, a distinct hierarchy, many rules and regulations, and impersonal relations. Bureaucracies that many individuals frequently interact with include state bureaus of motor vehicles, health maintenance organizations (HMOs), financial lending institutions including savings and loans, and insurance firms.
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Answer:
Option "Sell securities but instead start raising the federal objective Rate of funds" is the right response.
Explanation:
- Across the whole of collective memory, the free-market community had already progressed thru all the boom-and-bust phases.
- The Federal Reserve must have been designed to assist start reducing this year's injuries caused mostly during depressions but instead provided several other effective features to impact the money supply. Continue reading to learn how well the Fed is managing this same money supply.
Some other decisions are not comparable to the type of situation in question. So that is the correct choice.
Answer:
unconstitutional under the "dormant" commerce clause.
Explanation:
The Commerce Clause (Article 1, Section 8, Clause 3 of US Constitution) state that Congress has the power <em>"to regulate commerce with foreign nations, and among the several states, ..."</em>
The dormant commerce clause refers to limitations on state powers, which cannot pass any law that excessively burdens or discriminates against interstate commerce. Only Congress has the power to regulate interstate commerce.
