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Ivahew [28]
3 years ago
9

Market failure implies that the market mechanism:_________.

Business
1 answer:
MaRussiya [10]3 years ago
8 0

Answer:

Leads the economy to the wrong mix of output

Explanation:

Market failure is the when there is an inefficient distribution of goods and services in the free market.

One of the types of market failure is externality

Externality is when the production or consumption activities of economic agents have effects on people not involved in the economic activity. Externality can either be positive or negative

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation  

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Journalize the following transactions for Pharoah Company. (If no entry is required, select "No Entry" for the account titles an
alexandr1967 [171]

Answer:

Journalize the following transactions for Pharoah Company.

Explanation:

1.  

Supllies                             1050  

Cash                                  1050

5.  

Retained earnings              440  

dividen Payable                  440

7.  

Cash                            5800  

deferred revenue                 5800

16.  

Cash                             800  

Account receivable           800

33.  

Equipment                    3300  

cash                                    1250

Account  payable                   2050

6 0
3 years ago
Read 2 more answers
Which organization sets monetary policy for the United States?
Romashka-Z-Leto [24]
Federal Open Market Committee
7 0
3 years ago
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Suppose a city that operates local electric and natural gas companies wants to raise revenues by increasing its rates for electr
leva [86]

Answer: Inelastic

Explanation:

Price elasticity could be defined as when the desire for a product changes as it's price changes. When people's desires changes or they are no longer interested as the price for the commodity goes up. Inelastic demand is defined as when the buyers demand does not change or is not influenced as the price of the commodity goes up, rather the demand decreases than increasing. The price rise will increase city revenues if the elasticity of demand for electricity and natural gas is elastic.

7 0
3 years ago
An authentication token is a(n):____________
bezimeni [28]

Answer:

The correct answer is:

device the size of a credit card that contains access permission data. (A)

Explanation:

An authentication token, also known as a security token is a device used to authorize access to a network service. Tokens use the two-factor authentication method to ensure security of a system. Usually the authentication devices have access pins before access to the main tokens, and tokens are unique sets of numbers that uniquely identifies a user in a service, and they are changed frequently, usually within a 5-minute period.

5 0
3 years ago
Consultants notified management of Goo Goo Baby Products that a crib toy poses a potential health hazard. Counsel indicates that
Vlad1618 [11]

Answer:

Income statement will have an increased expense of $4.8 million and Revenue and cost of goods sold will decrease. In balance sheet the inventory will be decreased by the amount of crib toy inventory available.

Explanation:

Income Statement will show an expense of $4.8 million in this period as the cost of recall of inventory due to health hazard. Also sales and cost of goods sold will decrease by the amount of sales of crib toy in sales and by the amount of crib toys cost in cost of goods sold and will ultimately result in decrease in a gross profit of a company.

In the Balance Sheet the amount of Inventory will be decreased by the amount of crib toys available in stock.

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