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Sholpan [36]
3 years ago
10

Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and fl

ashlights. However, within a couple of days, special deliveries brought in extra batteries and flashlights, and everyone who wanted to buy a flashlight or batteries was able to do so. Which of the following principles of economic interaction best describes this scenario? a. When markets do not achieve efficiency, government intervention can improve overall welfare. b. All costs are opportunity costs. c. There are gains from trade. d. Markets allocate goods effectively.
Business
1 answer:
Lisa [10]3 years ago
7 0

Answer:

D) Markets allocate goods effectively.

Explanation:

The two main principles of capitalism are that individuals are rational and act according to their best self interest, and markets will allocate goods and service more efficiently than governments.

In this case, the stores ran out of batteries and flashlights due to a sudden increase in the demand, but since the stores make a profit by selling batteries and flashlights, they immediately replenished their stocks and were able to satisfy all the customers' needs.

If the stores would have needed government permission for replenishing their inventories, they would have never done it so fast and so efficiently.

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4 years ago
81. After the secondary guaranteed rate expires, some contracts contain a bailout
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75% is the best answer
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Amanda looked up at the scoreboard and exclaimed, "Wow, that is so vivid and fantastic. I don't know what that cost, but it is a
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Answer:

Electronic equipment

Explanation:

Throughout history, sport has evolved while society has done it. Both at a professional or elite level and at an amateur level, the sport has undergone several revolutions, some of them due to technological inventions.

There is no sport that has not undergone a technological revolution, one way or another. Some, like basketball, have been more prone in this regard, while others have been sidelined. But without a doubt, nobody escapes the tentacles of innovation.

Technology in sports has been included to apply its rules more easily, be more objective, and improve the accuracy of the sport. They are tools that facilitate the practice of sport.

3 0
3 years ago
Suppose that, in a competitive market without government regulations, the equilibrium price of milk is $2.50 per gallon. Complet
Darina [25.2K]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Price ceiling:-This is show the limit of the price on maximizing value of the product which is decided by government and his imposed group for customer.

Binding:-The binding price ceiling is below the equilibrium price.  

Unbinding:-The unbinding price ceiling is above equilibrium price.  

Price floor:-This is show the limit of the price on lower value of the product which is decided by government and his imposed group for customer. A price floor must be higher than the price equilibrium price in order to be effective.  

Binding:-The binding price floor is above the equilibrium price.  

Unbinding:-The unbinding price floor is below the equilibrium price.

It is given that the equilibrium price of milk is $2.50 per gallon.

Statement 1:-This is the example of price floor and binding because minimum price of $2.30 per gallon is decided.

Statement 2:-This is the example of price floor and binding because minimum price of $3.40 per gallon is decided for gasoline.

Statement 3:-This is the example of price floor and binding because teenagers are not hired due to minimum-wage laws.  

7 0
3 years ago
Most amateur athletes eventually become professional athletes.<br> True<br> False
andrey2020 [161]

Answer:

False

Explanation:

6 0
3 years ago
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