If I were a policy maker in Country LT, I would create a regulatory policy that allowed the grain producer to make as much in profit as possible, but still protect consumer needs. The company would be required to create various smaller companies, each selling different types and quality of grain for varying prices. This would preserve the ideals of free enterprise, encourage competition within the market, and help to keep food costs down for consumers.
Answer:
dialectic approach
Explanation:
Dialectic approach -
According to this method , the two or more people with different views about a common topic are debated , is referred to as dialectic approach.
It is a form of debate , where any emotional appeal is not used .
It is also known as minor logic.
Hence, from the given scenario of the question,
The correct term is dialectic approach .
Answer:
is producing at a point where output is less than potential GDP.
Explanation:
When the unemployment is high it is obvious that the economy is under its potential level but there is inflation case so we need to know the meaning of Philips Curve. The aggregate demand and aggregate supply model provides a simple summary of the possible outcomes proposed by the Phillips curve. The Phillips curve shows the combination of inflation and unemployment arising when the economy of the aggregate demand curve in the short run shifts along the short-term aggregate supply curve. Increased demand for goods and services will lead to higher prices in the short term and increased output of goods and services. Increasing output means increasing employment and lowering unemployment. In addition, the higher the rate this year, the higher the rate of inflation, no matter what the price level is in the past. Thus, the change in aggregate demand leads to short-term changes in inflation and unemployment rates, which is consistent with the dependence described in the Phillips curve. Monetary and fiscal policy tools are used to influence the aggregate demand curve, that is, to move the economy along the Phillips curve. Increasing money supply, government spending, or tax cuts move the aggregate demand curve to the right and drives the economy to a point where the Phillips curve corresponds to lower unemployment and higher inflation. Reducing money supply, government spending, or raising taxes will push the aggregate demand curve to the left, while the economy shifts to the point where Phillips curves with lower inflation and higher unemployment. In this sense, the Phillips curve offers policymakers a set of combinations of inflation and unemployment.
Answer:
$7,840
Explanation:
The inventory of Items A and B should be valued at the lower of cost and the net realizable value.
The cost is the invoice price at time of purchase ,while the net realizable value is the selling price less to sell
Products Cost Selling price cost to sell NRV unit value
A $18 $22 $6 $16 $16
B $48 $54 $4 $50 $48
Item A is valued at $16 each i.e $16*160=$2,560
Item B is valued at $48 each i.e $48*110=$5,280
total value of inventory =$7,840
The ending inventory valued at the lower of cost or net realizable value is worth $7,840
Answer:
$30,800
Explanation:
Dr Work in progress 30,800
Cr Wages payable 30,800
Direct labour hours × Per direct labour hour
Job 456
580×15 = 8700
Job 777
850×26= 22100
22,100 + 8,700 = 30,800
