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4 years ago

If a price ceiling is not binding, then

Business

1 answer:

Ivahew [28]4 years ago

3 0

Answer:

The correct answer is option b.

Explanation:

A price ceiling refers to the control limit fixed by the government or a group on how high prices could be charged for a product. It is generally imposed to protect consumers from very high prices and keep the necessary commodities affordable for consumers.

A binding price ceiling means that the equilibrium price is above the price ceiling. When the price ceiling is fixed at a price level lower than the equilibrium price it binds the market for that product.

When a price ceiling is not binding, it is fixed above the equilibrium price. A non-binding price ceiling does not affect the market price.

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Under CARD, colleges and universities must: a. disclose financial relationships with the credit card companies. b. provide debt

Vilka [71]

Answer: D. do all of these.

Explanation:CARD(credit card accountability, responsibility and disclosure) act is a set of guidelines and rules which guides consumers and help them to better understand their credit cards and reduce and control unfair practices from credit card companies, those rules, also concerns college students.

ALL THE OPTIONS ARE CORRECT REGARDING CARD RULES AND GUIDELINES FOR COLLEGE STUDENTS.

3 0

3 years ago

In the circular flow diagram, what do households receive from factor markets?

yuradex [85]

Answer:

the first one "income" I think

5 0

3 years ago

A rational economic decision: a) may or may not result in the largest economic payoff. b) is concerned with efficiency but not w

zlopas [31]

Answer:

The correct option is B

Explanation:

Rational economic decision is the process where the costs as well as the benefits of the various options are being compared in order to determine or evaluate the which option is rational. Rational decisions have total benefit greater than or equal to their cost. So, the rational economic decision concerned with the efficiency not with the fairness or equity.

7 0

4 years ago

Kendall is investing $3,333 today at 3 percent annual interest for three years. Which one of the following will increase the fut

Andreyy89

Answer:

Increasing the interest rate

Explanation:

Future values and interest has direct relationship, if the interest rate increase, the future values increase.

The only way the Future value is gonna increase is if the interest rate increases.

6 0

4 years ago

Below are five explanations for differences in compensation: winner-take-all (WTA), human capital (HC), occupational crowding (O

Hoochie [10]

Answer:

See explanation

Explanation:

1. The average base pay for a UPS driver is $27.83 an hour, whereas the average base pay for a FedEx driver is $22.83 per hour. = Efficiency wages (EW)

Efficiency wages refers to the above-market wages that are paid by employers so as to motivate their employees and improve productivity.

2. An attractive waitress earns more tips than do others. = Human capital (HC)

Human capital refers to the stock of knowledge, habits, skills and personality attributes that are embodied in individuals which make them produce economic value

3. An engineer working on an offshore oil- drilling rig earns $100,000. An engineer working at an onshore oil drilling location earns $70,000

= Location and lifestyle

Some jobs involves more risk than other jobs. In this case, an onshore project will be paid less than offshore workers.

4. Nick Saban, the head coach of the University of Alabama football team, earns a salary of $8.3 million. The head coach at Georgia State University earns just over $500,000 = Winner takes all.

7 0

3 years ago