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Ket [755]
3 years ago
7

Which of the following is an example of a price floor​? A. Safeway charges​ $1 more than Fred Meyer charges for a 5 pound bag of

sugar. B. The lowest price of gasoline this year was​ $2 per gallon. C. The government guarantees that potato farmers will receive at least​ $50 a ton. D. Stock prices hit a floor last week.
Business
1 answer:
Snowcat [4.5K]3 years ago
4 0

Answer:

C. The government guarantees that potato farmers will receive at least​ $50 a ton.

Explanation:

Price floor is implemented by the government or a group where price control is imposed or limit is placed on how low a price a product can be sold.

For price floor to be effective it must be higher than the equillibrum price.

Equillibrum price is the price at which quantity consumers are willing to pay for is equal to quantity suppliers re willing to sell.

Price floors are usually used to keep commodity prices from going too low.

So if the government guarantees farmers will receive at least $50 per ton of potato, they are setting a price floor of $50.

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The correct option is A

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3 years ago
state courts have ruled that companies can be held liable for __________ if they fail to do adequate background checks. a. decep
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The correct option is (b) negligent hiring.

State courts have ruled that companies can be held liable for negligent hiring if they fail to do adequate background checks.

<h3>What is negligent hiring doctrine?</h3>

According to the doctrine of negligent hiring, a company is responsible for any injury its workers do to third parties if they knew or should have known that the employee posed a danger of doing so, or if a reasonable investigation would have revealed the risk.

The causes of negligence hiring are-

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  • Whether the employer knew or should have known (had the employer used ordinary care) of the employee's unfitness at the time of employment. Each state has a different liability standard.

An employer be concerned about negligent hiring and retention because-

  • An employer may be liable for real injuries, pain and suffering, and even punitive damages if they fail to discipline an employee who poses a danger of injury to coworkers, clients, and others.
  • The company may be held liable if these employees go on to commit careless or reckless conduct that could endanger others.

The elements of a negligent retention claim include all of the following:

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  • The employee's lack of expertise.
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To know more about the negligent hiring with example, here

brainly.com/question/24208900

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5 0
1 year ago
The Constitution sets forth specific powers that can be exercised by the national government and provides that the national gove
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Answer:

All other powers are reserved by the states under the tenth amendment. So in the USA, national government according to the constitution has the specific powers that it can use to deliver best to the people. These powers are delegated to national government because they are elected by the people of USA and owe a duty of care to them by giving them powers to act in their best interest.

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3 years ago
An example of an entrepreneur would be someone who opened up a gourmet popcorn store in the local mall.
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This is True. 

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