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Illusion [34]
4 years ago
11

When the government imposes a binding price ceiling on a competitive market, a surplus of the good arises, and sellers must rati

on the scarce goods among the large number of potential buyers. True or false?
Business
1 answer:
saveliy_v [14]4 years ago
6 0

Answer:

False

Explanation:

The competitive market works completely on the force of demand and supply. In this market there is no other restrictions or perks from any third party.

With this the prices of any commodity depends upon the free flow of market.

When the government imposes any restriction on price ceiling, in the competitive market then the shortage of goods arise, as because no individual supplier generally, gets ready to supply the goods at such binding price, which generally, leads to inflation, which is not practical as government has binding price ceiling.

Thus, the statement is false.

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Data that are gathered without overt questioning or other types of interactions with consumers have become a new and valuable so
velikii [3]

Answer:

C) Passive data is the correct answer.

Explanation:

  • Passive data are the data that is collected without the involvement and without requesting the user.
  • Passive data is also called as implicit data.
  • passive data are collected without active participation and passive data are gathered from a phone call, text activity, and global positioning methods.

Examples of passive data are:

  • Internet browsers.
  • Mobile phones.
  • Web sites.
4 0
4 years ago
Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitmen
Usimov [2.4K]

Answer:

Total dollar Annual Cost = $300,000

Explanation:

  • Total loan Commitment = 9000000
  • Borrowed Fund (Used Portion) = 6000000
  • Unused Portion (9000000 - 6000000) = 3000000
  • Annual Commitment Fee for unused Portion = 0.50%
  • Commitment Fee = 3000000 x 0.05% = 15000
  • Borrowed Fund (Used Portion) = 6000000
  • Interest Rate (3.25% + 1.5%) = 4.75%
  • Interest Cost (6000000 x 4.75%) = 285000

Total dollar Annual Cost (15000 + 285000) = $300,000

5 0
3 years ago
According on this lesson, how are individuals and economies similar?
Step2247 [10]
<span>They both must choose how to allocate their resources.</span>
4 0
4 years ago
Read 2 more answers
A married couple, ages 55 and 52, with no children, are both employed at DEF Corporation. They have asked for an evaluation of t
posledela

Answer:

B. The portfolio should be reallocated based on their stated investment objective, reducing the cash and bond percentage by 50% and using the proceeds to buy a small or mid-cap growth mutual fund

Explanation:

Since this couple has stated investment goal of development with moderate hazard, a portfolio that just has about 25% values and that has 75% fixed pay protections is improper - since it will give pay; yet little development. The long haul bond and money designation ought to be decreased and supplanted with development stocks to more readily adjust the portfolio. Decision C is unreasonably theoretical for a "preservationist financial specialist." Choice D is to some degree valid since this couple is putting resources into their manager's stock - yet since the stock just speaks to 8% of the client's all out portfolio, this isn't a too much enormous rate.

4 0
3 years ago
Candice is planning her activities for a hot summer day. She would like to go to the local swimming pool and see the latest bloc
Debora [2.8K]

Answer:

Option C People face tradeoffs

Explanation:

The reason is that the tradeoff is situation where the wise person value the matter on a set scale and then make a decision to choose the best for the thing that he is ready to sacrifice. In business, it is also called Opportunity cost. You have two options in the scenario, if you go to swimming you can't watch the movie and if you go to movie then you can't enjoy swimming.

Example

When my girlfriend calls me during job timings I have to choose to leave the work or carefully listen to her. If I don't consider the girlfriend call a tradeoff here, I will stay single. So tradeoff are very important.

6 0
4 years ago
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