The introduction of maximum prices in the petrol industry will not be an ideals decision for the country's economy because
a) if the maximum price is less than the equilibrium price, then it will cause a shortage in supply.
b) Petrol is essential for daily lives, without maximum pressure some people may not be able to buy the product.
<h3>What is Economy?</h3>
An economy is the large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated. It is defined as the management of financial matters for a community, business or family.
The economy of a country or region is the system by which money, industry, and trade are organized.
Learn more about economy here,
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Answer:
From the calculation below Up-Towne Movers just paid a dividend of $3.13
Explanation:
The price of share=D1/r-g
The Do is the dividend just paid which is the unknown in the equation
g is the dividend growth rate of 4.3%
r is the required return of 11.1%
The share price is $46.00
$46=Do/(11.1%-4.3%)
46=Do/0.068
by cross-multiplication the equation becomes
$46*0.068
=Do
Do=$46*0.068
Do=$3.13
The dividend just paid by Up-Towne Movers is $3.13 as calculated above from the share price equation
Answer:
d
Explanation:
D.because it wants to promote unity among employees
Answer:
1. False 2. True
Explanation:
1. The candidate for political office announcing that the policy to reduce immigration from abroad which, he says, economics clearly demonstrates will lead to higher output in the long run; is false.
What increases output are the factors of production of which labor is a major component. When there are more people willing and able to work in an economy, <u>they help companies to produce more output but that is not the case when immigration is reduced, obviously that would reduce productivity and output.</u>
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2. However his second claim is right, that making trade more open between the US and other countries will increase output on the long run.
Trade barriers like tariffs and duties impede the level of trade between countries which could either reduce the amount of money countries make after netting off custom duties or the price of imported goods are increased by the effect of tariffs. Increased price means reduced demand
<u>Hence if tariffs are replaced with subsidies in open trade, prices of U.S imported goods will fall and demand will increase.</u>
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