Options:
A price cap regulation _______.
a. eliminates deadweight loss
b. is often combined with a government subsidy,
c. which makes the market efficient is a price ceiling
d. sets price equal to marginal cost
Answer:
<u>c. which makes the market efficient is a price ceiling</u>
<u>Explanation:</u>
Price ceilings are usually enforced in other to maintain an efficient market. They directed mainly to sellers which restricts the price of a commodity to a maximum amount.
A good example is the price of<em> gasoline</em>, in many countries, the law mandates a maximum price gas stations can sell.
The scientists are trying to find if TV causes aggressions. TV is the independent variable and aggression depends on if the adults watch the TV.
Answer:
Financial accounting standard-setting in the United States can be described as a social process which reflects political actions of various user groups as well as a product of research and logic.Hence,option A is correct.
Explanation:
The financial accounting standard-setting in the U.S. is heavily rule-based.By rule-based,I mean there is a strong government interest in the way corporations report their financial performance to various stakeholder groups.
Serbanes-Oxley Act is a strong indication that the political class is keeping a tab on the financial reporting framework and results of the various companies operating in the different sectors of the economy.
Answer:
The industrial sector uses natural gas as a fuel for process heating, in combined heat and power systems as a raw material to produce chemicals, fertilizer, hydrogen, and plant fuel.
Explanation:
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The price elasticity of a good will tend to be larger the longer the relevant time period.
