Consequences of price controls

Assignment Help Business Economics
Reference no: EM132456318

Write a paper summarizing some of the consequences of price controls.

To achieve maximum points for content and analysis, the following elements need thoroughly addressed:

  • Summarize the role of prices in an economy.
  • Contrast the consequences of prices in a free economy with the consequences of prices in a controlled economy.
  • Give at least one example of the unintended consequences of price controls.
  • Meet expectations provided in Paper Writing rubric.
  • Provide at least two academic resources.

Reference no: EM132456318

Questions Cloud

How double counting can be avoided when gdp is estimated : Contrast the views of of jeans-Baptiste Say and John maynard Keynes on the relationship between total income and tola spending I the economy?
Impact on environment and climate change : Connect the activity/product to its impact on the environment and climate change. What can people do to decrease the activity/product's impact on environment
Examine the characteristics of good process models : Should a development organization adopt a single process model for all of its software development? Discuss the pros and cons
What is cowen hypothesis in the great stagnation : What is Cowen's hypothesis in the Great Stagnation? What evidence does he cite that supports his claim?
Consequences of price controls : Write a paper summarizing some of the consequences of price controls.
Discuss the product for functional requirements : Discuss the product for Functional requirements, and Quality requirements and Constraints requirements the categories,explain in detail
Research evidence-professional expertise-community beliefs : Compare, contrast, and critique the three sources of evidence-based practice, e.g., research evidence, professional expertise, and community beliefs.
Develop one or two models of lawn tractors : Discuss business in garden care equipment and are planning to develop one or two models of lawn tractors to serve suburban homeowners.
Discuss about profile of a real-life professional engineer : Discuss and Select the profile of a real-life professional engineer and write a short report on this individual's professional and personal life and career

Reviews

Write a Review

Business Economics Questions & Answers

  Formulate and solve this problem using a linear program

Several assumptions must implicitly be made to formulate and solve this problem using a linear program. Identify at least one LP assumption which is violated.

  Considering two alternative plant layouts

You are considering two alternative plant layouts, A1 and A2, to improve its current layout. The cash flows are shown below. The first costs represent the expenses of rearranging the current layout to the alternative new layout and the annual savings..

  What is the price elasticity of demand for coffee

If the price if a cup of coffee increases from $5 to $6, leading to a decrease in quantity demanded of cup of coffee by 5%, what is the price elasticity

  Considering entering the market for product

You have just graduated and moved to this city; as a new MBA and an entrepreneur, you are considering entering the market for this product.

  What is the prevailing price of oil at level

P = 165 - 2.5Q. (Here Q is measured in millions of barrels per day.) OPEC's marginal cost per barrel is $15.

  Profit-maximizing price-quantity combination for monopolist

A monopolist can produce at constant average and marginal costs of AC = MC = 5. The firm faces a market demand curve given by Q = 53 —P. The monopolist's marginal revenue curve is given by MR = 53 - 2Q. Calculate the profit-maximizing price-quantity ..

  What will the magazine publisher do in the long-run

You are a magazine publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month per the labor union agreement. If the e..

  Another country healthcare system

What is one thing thatthe United States could adopt from another country's healthcare system that might improve the U.S. healthcare system?

  Graph the present worth for lives

A new product will generate net revenues of $600,000 per year. The interest rate is 10%.

  Annual income effect on hours worked from lottery gain

Suppose you win a lottery, and your after-tax gain is $20,000 per year until you retire. As a result, you decide to work part time at 35 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..

  What will be the employers per-employee profit

An employer faces two types of employees. Regular workers are 70% of the population and generate $100,000 in productivity. Exceptional workers are 30% of the population, and generate $120,000 in productivity. Employees know their types, and reject sa..

  Major components of a bank contingency funding plan

Discuss the major components of a bank's contingency funding plan.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd