Chavez set a price ceiling on food. This is represented by the letter C - A price ceiling is a control or limit imposed by a government over how high a price can be charged for a product. By doing this, Hugo Chavez made a huge blunder, since it resulted in the quantity of food demanded exceeding the quantity supplied. <span>This in turn resulted in people smuggling and hoarding food. </span>
Answer:
(C) This economy will suffer from an increase in the price level at some point in the future.
Explanation:
Velocity of money is defined as the rate at which money is exchanged in an economy. It calculated the number of time money exchanges hands during transactions in the economy.
For example if two individuals have $50 each (total of $100) and they used the same money to perform total transactions of $500, the velocity of money will be 500/100= 5.
The formula for velocity of money is
Velocity of money = Gross domestic product/ Money supply
GDP (monetary value of output) = output * price
GDP= 1,000* $10= $10,000
Therefore
5 = 10,000/x
Cross-multiply
x= 10,000/5= $2,000
So money needed in the economy is $2,000. But the Federal reserve has created $3,000.
We have an excess cash of 3,000-2,000= $1,000 in the economy.
Since there is too much money in the economy people will spend more and there will be increase in demand. Supply will not be able to keep up with demand resulting in scarcity and an increase in prices. Eventually inflation will occur.
Answer: D.) Supervision
Explanation: In an organizational setting, it is imperative to oversee, monitor, evaluate and carry out performance appraisal of workers or employees in other to access and ensure that workers carry out their fuctions as perfectly as possible based on organizational benchmark and standard. The supervisory role is usually overseen by an individual of higher position who who inturn gives a verdict or remark based on the employee's performance. In the scenario above, Jeff's lack of job satisfaction could be traced to Supervision due to the critical remark he earns despite giving best.
Bond is correct answer.
When a bond matures, you receive your entire investment back plus any remaining interest.
Hope it helped you.
-Charlie
Suppose that Ray-Ban is considering a new line of sunglasses that would be sold in major department
stores. The new line would be positioned as a more distinctive brand than the typical glasses sold
through department stores, and would be priced higher than other brands in the store, but a lower price
line than the current Ray-Ban lines that are sold through more selective stores. In determining the price
for this sunglass line, Ray-Ban wants to gather information about all brands sold in department stores
<span>and about customers' perceptions of those brands.
</span><span>Given Ray-Ban's plan for positioning the new sunglass line, they should use a <span>price skimming strategy when introducing their new product.
</span></span><span>Price skimming is a pricing strategy in which a marketer sets a relatively high initial price for a product or service at first, then lowers the price over time. It is a temporal version of price discrimination/yield management.</span>
