Right before the 20's started World War I happened, so many of the young men of the world were apart of that war and saw horrific things. So after the war they wanted to forget so they had as much fun and parties as they could.
<span>There are two common types: General Obligation Bonds and Revenue Bonds.
GOB: Issued by cities, states or countries and are not primarily secured by assets. The issuer can tax all who apply (citizens, residents, etc) for the bondholders.
RB: Are NOT backed by the government and come from a specific source such as the toll paid for driving on a toll road.</span>
Answer:
A binding price floor is set above the equilibrium price as a minimum price
A binding price ceiling is set below the equilibrium price as a maximum price
Equilibrium price is $1.50
a) The government prohibits donut shops from selling donuts for more than $1.10 each = Price ceiling and it is Binding
b) The government has instituted a legal minimum price of $1.80 each for donuts = Price Floor and it is Binding
c) Due to new regulations donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so = Price ceiling and it is non-binding (as firms are wiling to offer higher wages than the minimum wage rate)
Explanation:
Answer:
Explanation:
Visual aids add impact and interest to a presentation. They enable you to appeal to more than one sense at the same time, thereby increasing the audience's understanding and retention level. With pictures, the concepts or ideas you present are no longer simply words - but words plus images.
