Answer:
The most applicable answer from my point is in such a scenario, producers overproduce the product because of a supply-side market failure.
Explanation:
So what is market failure? Simple, Market failure occurs when a market is unable to effectively and efficiently manage its resources because of the breakdown of price mechanisms functions which rare caused by negative and sometimes positive externalities.
In here, Supply side market failure occurs when the producers don't have to pay the full cost of their output. That is the actual cost of production is greater that the recorded cost.
In Market failure, the supply and demand of the market do not meet the equilibrium price and quantity and eventually leads to the loss of social welfare and ineffective economic decision making.
Imperfect information in the market and the increase of power in the sellers side could lead to supply side market failure.
Answer:
Return address apex :) GoodLuck
Explanation:
The utmost effective
audit procedure for determining the collectability of an account receivable is
the, review of the subsequent cash collections. Reviewing the subsequent cash
collections speeds up the audit procedure to determine the collectability of an
account receivable.
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Answer:
global positioning systems
Explanation:
Global positioning systems have replaced the human eye in many aspects of farming. This includes monitoring the application of fertilizer. It is also considered to be more accurate than the human eye.
The basic reason is the government can’t control interest rates is the business cycle. Changes in interest rates should be reflected in the business cycle.
What is business cycle?
The term "business cycle" is used by economists to describe the increase and decrease in economic activity over time.
The interest rate cycle is closely related to the business, trade, and economic cycles. Theoretically, changes in interest rates should be reflected in the economic cycle. But the government can’t completely control interest rates.
Governments attempt to control business cycles through spending, tax increases or decreases, and interest rate changes. In order to stifle inflation and slow down the economy, the government will raise interest rates.
As a result, option (b) the government can't control interest rates is correct.
Learn more about on business cycle, here:
brainly.com/question/4511868
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