1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dimas [21]
3 years ago
14

The markets for prostitution in Nevada and New Jersey have two important differences: 1) prostitutes in New Jersey face higher c

osts because of government efforts to prosecute them and 2) customers in New Jersey face higher risks of contracting diseases from prostitutes because the illegal nature of the business makes reliable information about product quality much more costly to obtain. Given these facts, which state would you expect the price of prostitution services to be higher? Why? Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?
Business
1 answer:
natima [27]3 years ago
7 0

Answer:

Given these facts, which state would you expect the price of prostitution services to be higher? Why?

  • Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.

Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?

  • Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.

You might be interested in
Suppose interest rates in the UK fall. This will affect the side of the foreign exchange market and cause exchange rates to
maw [93]

A fall in the interest rates in the UK, would cause the exchange rate of the UK to decline.

<h3>What is the impact of a fall in interest rate on exchange rate?</h3>

Exchange rate is the rate at which one currency is exchanged for another currency. Interest rate is the return earned by investors for allowing business owners use their funds.

When interest rate declines, the return earned by investors would fall. This would discourage investors from investing. This would lead to a decline in the demand for the UK currency. This would depress the exchange rate.

To learn more about exchange rate, please check: brainly.com/question/25780725

5 0
2 years ago
What is the best ice cream ever?​
Sergeeva-Olga [200]

Mint Chocolate Chip + Chocolate with Peanut Butter Chunks. B)

6 0
3 years ago
Read 2 more answers
You are the CEO of a company that has to choose between making a $100 million investment in Russia or Poland. Both investments p
dlinn [17]

Answer:

Going by the Ease of Doing Business ranking of 2020, prepared by the World Bank, which is perhaps the most reliable ranking to assess business risk in different countries.

Russia has a higher score in the ranking, which means that doing business is less risky there. Poland has particularly high risks in the starting a business category, which means that the mere act of starting the business in Poland might be a risky decision.

Russia has a high risk in trading accross borders, probably because the country is subject to several international sanctions.

If we go only by score, Russia has a higher score, so, as the CEO, you should probably invest there. However, you should avoid investing in Russian companies that try to export abroad, because of the high risks associated with trade in that country.

8 0
3 years ago
The costs of bringing a corporation into existence, including legal fees and promoter fees, are called:
Novay_Z [31]

Answer:

organization expenses.

Explanation:

A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.

This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.

Some examples of multinational firms are Ap-ple, Volkswagen, G-oogle, Shoprite, Nestlé, Accenture, Shell BP, Chevron etc.

The costs of bringing a corporation into existence, including legal fees and promoter fees, are called organization expenses.

7 0
3 years ago
A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 1
jeyben [28]

Answer:

A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as: a retail communication.

Explanation:

Hope this helps!

Mark me as Brainlineast.

3 0
3 years ago
Other questions:
  • The main premise of ________ is that effective leaders choose one or more leadership styles to influence employee expectations r
    6·1 answer
  • Succulent Juice Company manufactures and sells premium tomato juice by the gallon. Succulent just finished its first year of ope
    5·1 answer
  • Jenny manages sales dealership of high-end luxury brand of automobile. Her target market is limited to a specific social class,
    15·1 answer
  • Explain how demand for a good can affect demand for a related good.
    11·1 answer
  • The acquisition costs of property, plant, and equipment do not include: a. The ordinary and necessary costs to bring the asset t
    9·1 answer
  • A company with a completely fixed cost structure will have operating leverage of 1.a. Trueb. False
    6·1 answer
  • Marketers often use blogging as a platform to get their messages to spread rapidly online, also known as
    6·1 answer
  • started with total assets of and total liabilities of . At the end of ​, total assets stood at and total liabilities were . Requ
    10·1 answer
  • sending e-mails reminding prospects that AdVance can mix custom fertilizer formulations determining what information is still ne
    7·1 answer
  • Compute the Work-In-Process transferred to the finished goods warehouse on April 30 using the following information:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!