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Semmy [17]
3 years ago
10

A price ceiling is not necessarily in the public's best interest because

History
1 answer:
Vitek1552 [10]3 years ago
3 0

Answer:

It can make otherwise available goods not available because of the low price.

Explanation:

Price Ceiling refers to a regulation made by government to put a "maximum price" for a certain type of product.

One benefit of price ceiling is to prevent the producers from imposing high profit margin that couldn't be afforded by the customers.

But, there's a downside. To produce product with higher quality, producers typically need to sacrifice higher cost to create it. They need to increase the price of the products to make a return from that higher quality products. With price ceilings, many producers wouldn't be able to make such quality improvement.

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Write an obituary on Richard Arkwright
Yuri [45]

Answer:Arkwright is considered the father of the modern industrial factory system and his inventions were a catalyst for the Industrial Revolution.

Richard Arkwright was born in Preston in 1732, the son of a tailor. Money was not available to send him to school, but his cousin Ellen taught him to read and write.

He began working as an apprentice barber and it was only after the death of his first wife that he became an entrepreneur. His second marriage to Margaret Biggins in 1761 brought a small income that enabled him to expand his barber's business. He acquired a secret method for dyeing hair and travelled around the country purchasing human hair for use in the manufacture of wigs. During this time he was often in contact with weavers and spinners and when the fashion for wearing wigs declined, he looked to mechanical inventions in the field of textiles to make his fortune.

By 1767, a machine for carding cotton had been introduced into England and James Hargreaves had invented the spinning jenny. With the help of a clockmaker, John Kay, who had been working on a mechanical spinning machine, Arkwright made improvements that produced a stronger yarn and required less physical labour. His new carding machine was patented in 1775.

Arkwright's fortunes continued to rise and he constructed a horse-driven spinning mill at Preston - the first of many. He developed mills in which the whole process of yarn manufacture was carried on by one machine and this was further complemented by a system in which labour was divided, greatly improving efficiency and increasing profits. Arkwright was also the first to use James Watts' steam engine to power textile machinery, though he only used it to pump water to the millrace of a waterwheel. From the combined use of the steam engine and the machinery, the power loom was eventually developed.

From 1775, a series of court cases challenged Arkwright's patents as copies of others work, and they were revoked in 1785. Nonetheless, Arkwright was knighted in 1786 and by the time of his death on 3 August 1792, Arkwright had established factories in Derbyshire, Staffordshire, Lancashire and Scotland, and was a wealthy man.

Explanation:

3 0
3 years ago
The controversy over Missouri's request for statehood: did not affect the balance of power in Congress was settled by the Missou
Minchanka [31]
First off, the controversy of this had led to an imbalance in congress among the number of free states and slave states. So this rules out our first option. Due to it not being all of the above, that's our fourth answer ruled out as well. The Webster speech did not happen for 10 more years so it is very unlikely that this is what led to that speech. Even without the process of elimination, it would be B because the Missouri Compromise admitted Missouri as a slave state and Maine as a free state in order to preserve the balance of power in congress. Also, Henry Clay (the Great Compromiser) drafted this. 
8 0
3 years ago
Read 2 more answers
How are members of the Senate chosen? Do you believe that the method upon which members of the Senate are chosen best represents
puteri [66]


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Senate of Canada

Article byRichard Foot

Date PublishedFebruary 7, 2006Last EditedNovember 18, 2016

The Senate is the Upper House of Canada's Parliament. Its 105 members are appointed and hold their seats until age 75. The Senate's purpose is to consider and revise legislation, investigate national issues, and most crucially according to the Constitution — give the regions of Canada an equal voice in Parliament. 




5 0
3 years ago
On the map above, the Red Sea is located at
tatuchka [14]

Answer:

C. Letter C

Explanation:

8 0
3 years ago
What year was the stamp act repealed?
Snezhnost [94]
The answer would be 1776
7 0
3 years ago
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