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Elina [12.6K]
3 years ago
6

Impact on Corona virus as one of the socio-economic issues on business​

Business
1 answer:
ohaa [14]3 years ago
7 0
Less people going out and purchasing products from business so business goes down
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Markets always allocate resources in ways that meet ideal economic efficiency.
Virty [35]

Answer:

False. Markets can sometimes fail to reach efficiencies when there are externalities, public goods, monopoly, or serious information asymmetries

Explanation:

Invisible hand (effective allocation of resources in a laissez faire economy) sometimes works because when market function effectively and send correct price as signal of values (to society) to producers.

However, when goods can't be traded on markets (public goods) or its values are not correctly reflected on markets (externalities, information asymmetries) or competition is not ensured (monopoly), markets cannot ensure effective allocation of resources.

5 0
3 years ago
On February 22, Brett Corporation acquired 250 shares of its $3 par value common stock for $26 each. On March 15, the company re
Alex

Answer: Credit Additional Paid in Capital $198

Explanation:

Brett Corporation reissued the Treasury Stock at $29 which was $3 higher than the amount they had repurchased it for.

When stock is sold for a price higher or lower than they are worth, the balance goes to the Additional Paid-in Capital account. If it is sold higher, the balance is Credited to the Additional Paid-in Capital account and if it is sold for lower than it is worth, it is debited.

The Balance here is,

= $3 * 66 resold shares

= $198

This $198 will therefore be credited to the Additional Paid-in Capital account.

5 0
3 years ago
Suppose the Alpha Manufacturing Corporation is experiencing extreme financial difficulties and is considering bankruptcy. Its sh
anygoal [31]
The answer should probably be C
7 0
2 years ago
The rationing function of prices refers to the fact that government must distribute any surplus goods that may be left in a comp
natulia [17]

Answer: false

Explanation: The rationing function of price describes the way in which the use of price is done for rationing of several scarce resource. This is done automatically by the market forces of demand and supply as when the demand for a commodity exceeds its supply the price of the commodity rises leading to decrease in demand.

Thus, rationing function states to ration the goods and distribute them carefully and not to distribute the surplus amount.

4 0
2 years ago
Distinguish between small and large office.​
kotykmax [81]
A small office is usually found in a smaller organization as for a bigger office is used for more high in people and company’s
8 0
2 years ago
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