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dedylja [7]
3 years ago
14

When the government imposes price floors or price​ ceilings, A. some people​ win, some people​ lose, and there is a loss of econ

omic efficiency. B. some people​ win, some people​ lose, and there is an increase in economic efficiency. C. everyone​ wins, goods and services distribution is more​ just, and there is a loss of economic efficiency. D. everyone​ wins, goods and services distribution is more​ just, and there is an increase in economic efficiency.
Business
1 answer:
xxTIMURxx [149]3 years ago
5 0

Answer:

The answer is: A) some people​ win, some people​ lose, and there is a loss of economic efficiency.

Explanation:

When the government imposes a price ceiling, some consumers win since they buy cheaper products (lower than equilibrium price) but suppliers lose. Inf the government decides a price floor is better, then customers will lose and some suppliers will win (prices are higher than equilibrium price).

Both price ceilings and price floors cause deadweight loss, decreasing economic efficiency.

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MaltHanks Inc., a leading American firm, starts its operations in China. It incurs a lot of additional costs in comparison to th
asambeis [7]

Answer: Liability of foreignness

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In the given case, the American company incurred extra cost in china due to their lack of local knowledge and discrimination from the locals.

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3 years ago
Which of the following acronyms identifies the Big Five personality dimensions
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3 years ago
If nominal gdp increases, what might be the cause of this increase?if nominal gdp increases, this could be caused by: (select al
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An increase in real GDP and a rise in price levels.

GDP:

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  • Gross domestic product, also known as GDP, is one of the most popular. It is frequently quoted in reports by governments, central banks, and the business community as well as in newspapers, on television news, and in publications. It is now frequently used as a benchmark for measuring the strength of both national and global economies.
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7 0
2 years ago
Why can the distinction between fixed costs and variable costs be made in the short run? Classify the following as fixed or vari
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Answer:

Variable costs are costs that vary with production. If production rises, the variable cost rises.

Fixed cost are costs that do not vary with production.

The time frame and contracts allows for distinction between fixed and variable cost in the short run.

in the short run, some costs of production cannot be changed for various reasons. Some of the reasons include, supply contract and Labour laws. Due to labour contracts, it might be difficult if not impossible to change wages paid to workers or fire workers. This makes wages fixed in the short run.

Some costs can be varied easily, for example if sales are low, shipping cost would reduce because the amount of orders are smaller.

, nd

Fixed costs include:

advertising expenditures

interest on company-issued bonds

payments for raw materials

Real estate tax

Executive salary

insurance premiums

wage payments

depreciation and obsolescence charges

rental payments on leased office machinery

Variable costs include :

fuel

shipping charges

sales taxes

All costs are variable in the long run because in the long run production decisions which appeared fixed can be changed. For example, Labour contract can end and the firm can decide to adjust or retain the contract in line with the current economic situation. The firm can decide to move to a cheaper location and reduce rental cost.

Explanation:

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3 years ago
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