Question:
Suppose the government has imposed a price ceiling on cellular phones. Which of the following events could transform the price ceiling from one that is binding to one that is not binding? a. Cellular phones become more popular. b. Traditional land line phones become more expensive. C. The components used to produce cellular phones become more expensive. @ A technological advance makes cellular phone production less expensive.
Answer:
.A technological advance makes cellular phone production less expensive.
Explanation:
Government could in consideration of the product's lower production cost, opt to adjust the price ceiling.
What's the rationale behind this?
The decrease in production cost for cellular phones means the industry can afford to produce and sell at lower price(maybe even lower) than the price ceiling. This would mean that businesses in this industry may be charging incredibly high prices compared to cost of production and still not hit price ceiling. Therefore government may need to lower price ceiling to suit current cost of production.
The correct answer is; False
Further Explanation:
The social learning theory started in 1977. A psychologist named Albert Bandura is the one who began this theory. He believes that two of the behaviorist learning theories coincide with the social learning theory, they are;
- classical conditioning theory
- operant conditioning theory
Anyone who is observing someone does not need to know that social learning is occurring. It is going to be effective no matter if someone knows or not. Children are the best example since they learn from adults in their life, from characters on the TV, and even their peers.
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Answer:
Bench-marking.
Explanation:
Benchmarking can be defined as a process of evaluating the performance of a company, it's products, services, etc with those of other competitive company's in the market. By doing so, one is able to know what areas need improvements and what can be doen to make improvement in those areas.
Benchmarking is a process of breaking down performances of other superior companies and then knowing which processes can be adopted to into the process of one's own company.
So, the correct answer is benchmarking.
Ideology
I guarantee you that is the word.
A Political Ideology is a certain set of ideas, principles, or symbols of a political party.
Example: The Republican party's ideology involves less government control of people's lives. That is why Republicans are less likely to support restrictions on guns.
Bills are formally introduced in congress by members of congress only .
When the bill is submitted, the Senator decides which committee will consider the bill. The chair of the committee may decide to hold a hearing to consider the law. At the hearing, members of the Commission invite policy experts, government officials, and other stakeholders to testify about how the law affects the country.
After holding one or more hearings, the chairman of the committee shall hold a "memo" while the members of the committee discuss the bill, amend it, and finally vote for or against it.
Can be determined. If a majority of the members of the committee vote in favor of the bill, the bill goes to the Senate, where each Senator has the opportunity to review and discuss the bill. Larger bill amendments may include less controversial legislation to speed up the legislative process.
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