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:
disintermediation
Explanation:
Disintermediation -
It is the method of the removal of the intermediary people or middle men , like brokers , from the future transactions , is known as disintermediation .
It can also be the removal of certain process steps or some funds is also the process of disintermediation ,
hence , from the question , the example of disintermediation is shown .
The removal of the intermediaries can lead to lowering of the overall cost and can even increase the transaction time .
Answer:
The mayor's responsibilities are primarily to preside at council meetings and to act as head of the city for ceremonial purposes and for purposes of military law. The mayor votes as a councilmember and does not have any veto power.
Explanation:
<span>Male Spartan children were sent to military school at the age of six or seven
</span><span>Girls were trained in their sisterhood, and were taught physical education</span><span>
Spartans believed in a life of 'discipline, self denial, and simplicity,' and so the purpose of education was, simply, to produce an army. When babies were born, soldiers came to check the child. If it appeared healthy and strong, they would be assigned to a 'brotherhood' or a 'sisterhood,' however if the baby appeared weak and small, the infant would be left to die on a hillside or taken away to be trained as a slave. It was 'survival of the fittest' in Ancient Sparta.</span>
