All categories

3 years ago

Give at least one example that you believe demonstrates when the cost of government actions outweighs the benefits.

Business

1 answer:

Dovator [93]3 years ago

7 0

Answer: The creation of a government set price for gasoline by ni government.

Explanation:

In 1970 president Nixon inteoduced a soft artificial price ceiling on gasoline in the United States. This was as a result of the OPEC crisis of 1970s. It is a good example of scenerios where the cost of government action outweighs the benefits. this was due to the creation of the government-set price which would cause the quantity demanded to be more than the quantity supplied because gasoline was cheaper now.

You might be interested in

accounting A John Deere tractor acquired on January 4 at a cost of $120,000 has an estimated useful life of 25 years. Assume tha

Sedbober [7]

Answer:

$4,800 each

Explanation:

The computation of the depreciation expense for the first two year under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($120,000 - $0) ÷ (25 years)

= ($120,000) ÷ (25 years)

= $4,800

In this method, the depreciation is same for all the remaining useful life

Hence, the depreciation of $4,800 is to be charged separately for each year

7 0

3 years ago

All of the following are correct statements about transfers between divisions located in countries with different tax rates exce

IceJOKER [234]

I think it’s A .................

3 0

3 years ago

What is one way to speed up the acquisition of a classically conditioned response?

Vanyuwa [196]

One way to speed up the acquisition of classically conditioned response is to INCREASE THE INTENSITY OF BOTH THE CONDITIONED STIMULUS AND UNCONDITIONED UNCONDITIONED STIMULUS.
Acquisition refers to how learned responses are strengthened or changed over time. Classical conditioning refers to the learning process which occur when two stimuli are repeatedly paired. In order to increase the rate of learning [acquisition], the intensity of both the condition and unconditioned stimulus can be increased.

6 0

3 years ago

Terrence Industries charges manufacturing overhead to products by using a predetermined application rate, computed on the basis

puteri [66]

Answer:

See below

Explanation:

First, we need to get the predetermined rate

Predetermined rate = Cost of manufacturing overhead / Cost driver

= $1,800,000/60,000

= $30

We will now calculate the application.

Actual labor hours × rate

= 61,500 × $30

= $1,845,000

We will now compare actual with overhead cost

= Applied Overhead cost - Actual manufacturing overhead

= $1,845,000 - $1,810,000

= $35,000

The above is an over application of overhead cost because the cost applied exceed the actual cost.

5 0

2 years ago

1. prepare income statements for both garcon company and pepper company. 2. prepare the current assets section of the balance sh

vagabundo [1.1K]

There are three main parts of income statements and they are:

Revenue
Expenses
Profit

<h3>What is an Income Statement?</h3>

This refers to the profit and loss account of a company that shows the expenses and revenue for a particular company.

Hence, we can see that a sample income statement would be:

BOSKA COMPANY

Income statement for August 29, 2021

NET SALES------------------ $2,000,000

GROSS SALES-------------$500,000

GROSS PROFIT-------------$1,5000,000

Read more about income statements here:

brainly.com/question/24498019

#SPJ1

8 0

1 year ago