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Taya2010 [7]
3 years ago
8

Identify the true statement in each of the three modules. Identify the true statement. Deregulation can describe removing govern

ment control of the price of a good but not the removal of government control of quantities. Deregulation can describe either removing government control of the price of a good or the removal of government control of quantities. Deregulation can describe removing government control of the quantity of a good but not the removal of government control of price.
Business
1 answer:
Maksim231197 [3]3 years ago
6 0

Answer:

Deregulation can describe either removing government control of the price of a good or the removal of government control of quantities.

Explanation:

Deregulation is the removal of government control , regulation or power in a particular sector or industry. An example of deregulation is the mail delivery. The government had a monopoly on the royal mail for many years

Deregulation can involve :

  • removal of government control on price
  • Removal of control on quantities

Advantages of deregulation

  1. It increases the rate of innovation and competition. This increases consumer choice.
  2. Efficiency of corporations are increased and this lowers cost

Disadvantages of deregulation  

  1. Customers are more vulnerable to high  risk-taking by companies.

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On May 1 comma 2019​, Jasper Company purchased inventory costing $ 87 comma 000 by signing a 10​%, ​nine-month, short-term note
RSB [31]

Answer:

The Journal entries are as follows:

(i) On May 1, 2019

Inventory A/c     Dr. $87,000

To Notes payable                    $87,000

(To record purchase of inventory)

(ii) On Nov 31, 2019

Interest Expense A/c      Dr. $5,075

To Interest payable                            $5,075

(To record the Accrued the interest.)              

Workings:

May to Nov = 7 months

Therefore,

Interest Expense = 87,000 × 10% × 7÷12

                             = $5,075

7 0
3 years ago
in a based economy transaction require that each party have something the other desires increase market
Galina-37 [17]

Answer:

The ansewr is a barter based economy.

In a barter based economy, goods are exchanged for other goods, because no good that takes the functions of money exists (unit of account, store of value, and medium of exchange).

Barter economies can work on a limited scope, but to a larger extent, they can become inefficient, because this type of economy requires a double coincidence of wants: both parties of the transaction must desire the other party's goods.

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3 years ago
quizlet joe's applying for a mortgage that meets all of the fannie mae/freddie mac criteria. based on this, how would we classif
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This loan is best classify as a <u>conventional mortgage loan</u>.

<h3>What is a conventional mortgage loan?</h3>

This refers to a conforming loan which simply means that it meets the requirements for Fannie Mae or Freddie Mac.

This type of mortgages have a fixed rate of interest and means that the interest rate does not change throughout the life of the loan. Also, they are not guaranteed by the federal government and as a result have stricter lending requirements by banks and creditors.

In conclusion, the entities Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase mortgages from lenders and sell them to investors.

Read more about mortgage loan

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Click this link to view O*NET’s Skills section for Construction Managers. Note that common skills are listed toward the top, and
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