Answer:
The correct answer is D. does not increase the amount of the product that consumers buy because it creates a shortage.
Explanation:
If a market is defined by the following demand and supply functions. The balance or price that reflects the coincidence in valuation of the good of consumers and producers, would occur at the intersection between both functions.
When the State intends to supplant market activity in the allocation of goods and services, it can do so through a policy of maximum and minimum prices.
If it is considered appropriate that a given price is less accessible than what would take place in the market, it will establish a maximum price, above which no company can sell. When this occurs, we can graphically appreciate how at that price the quantity demanded is greater than that offered, thus generating an excess of demand that leads to the shortage of the good. In this context, some mechanism will be developed that allows rationing the offer (long lines, different criteria such as age, economic level, etc.) This being, land paid for the appearance of the “black market”.
Another type of price control is the establishment of a minimum price. This system has been used frequently in agricultural markets, when the State has sought to prevent farmers' income from drastically reducing.
When a minimum price is established higher than what would take place in the market, the quantity offered exceeds the defendant, thus producing an excess supply. This excess supply will lead to an accumulation of production that will generate great inefficiency.
A U.S. government agency that works to assist small businesses is called the Small Business Administration(SBA).
<h3>What does the Small Business Administration do?</h3>
The Small Business Administration was established under the Eisenhower tenure in order to boost the nation's economy.
They work to help small businesses by offering them several types of support such as management training and loans.
Find out more on the Small Business Administration at brainly.com/question/13424073.
#SPJ1
Answer:
<em>The resource allocator role</em>
Explanation:
The role of resource allocator is among the four decisive management positions, as its primary objective is on decision-making and implementation.
Knowledge of the resource allocator and other management positions makes it possible for both new, trained and experienced supervisors to understand the work of a manager.
Answer:
D.) debit Supplies Expense. $5,500; credit Supplies, $5,500
Explanation:
First, let's talk about the amount.
On June 2 they purchased supplies worth $6,500 and recorded it as an ASSET. Debited on "Supplies" Account
Then on June 30, only $1,000 is on hand. That means that $5,500 worth of supplies must have been used (Solved as 6,500 less 1,000)
Now, the entry should reduce the "Supplies" Account since there were only $1,000 left. So it's correct to credit Supplies for $5,500 to reduce $6,500 into $1,000 worth.
The corresponding debit would consequently be "Supplies Expense" since $5,500 worth of supplies was used for the month.
Answer:
C. Jobs argument
Explanation:
The job preservation argument is brought up by unions to look out for union jobs.
