Disadvantages of the government setting prices for goods

Assignment Help Business Economics
Reference no: EM131196733

1. What are the potential advantages and disadvantages of the government setting prices for goods or services in a market?

2. What are potential advantages and disadvantages of government utilization of special taxes or subsidies for certain goods and services?

Reference no: EM131196733

Questions Cloud

According to the freedom of information act : According to the Freedom of Information Act, _____. Which of the following is an ideal condition for a free market? Select one: a. There are no parties, institutions, or governmental units regulating the quantity of the goods being bought or sold in ..
What kind of racquet does each category need : How many different categories of tennis players are there? What kind of racquet does each category need?
Explanations of the respective outcomes : Explanations of the respective outcomes reached by the courts in the following cases which all involving sales of land:
How your initial thoughts have changed after reading : Your response could be a discussion of how your initial thoughts have changed after reading the suggested literature concerning this topic or a discussion of how the literature you read reinforced your initial ideas
Disadvantages of the government setting prices for goods : What are the potential advantages and disadvantages of the government setting prices for goods or services in a market? What are potential advantages and disadvantages of government utilization of special taxes or subsidies for certain goods and serv..
How do you evaluate a product or service : 1. How do you evaluate a product or service? Provide an example. 2. How do Marketers Measure Quality and Customer Satisfaction? Provide an example.
Find unconditional probability that exactly two defectives : For a randomly chosen day, find the unconditional probability that exactly two defectives are observed in the sample.
Determining the employee of the year : Suppose the company you work for provides a week's paid vacation package as reward to the employee of the year and his or her immediately family.
How many should it manufacture and how many should purchase : Assuming Martens plans to meet the expected demand for 20,000 attic fans, how many should it manufacture and how many should it purchase from Harris Products? Explain your reasoning with calculations.

Reviews

Write a Review

Business Economics Questions & Answers

  Explain you would save both systems for future generation

Social Security and Medicare are in financial trouble. The money will run out for the future generations if something is not done shortly. In detail, explain how you would save both systems for the future generation.

  Government budget included a broad based reduction

Suppose that the Federal Government announced a tax rebate of $500 for all individuals filing singly and $1000 for all families filing jointly or as head of household in the upcoming tax year. Further, suppose that the Government budget included a br..

  What is the long run demand and long run non-opec supply

Assuming: Price is $80 demand and total supply is 32, OPEC supply is 13 and Non-OPEC supply is 19. Short run world demand Price elasticity is -0.5, long run is -0.30. The short run OPEC price elasticity is .05 and the long run is 0.30. What is the lo..

  Q after technological change has taken place in each nation

q. after technological change has taken place in each nation the following table now applies in the absence of

  The country is in a period of high unemployment

Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable le..

  League with two teams

Consider a league with two teams that might engage in doping. If neither team engages in doping, the odds that Team A will win the league championship are 65% and the odds that

  What is the effective annual rate of return on investment

On Jan. 1, 1965, you purchased a small house in Alameda, California for $20,000. On Jan. 1, 2015, you sold the house for $900,000. What is the effective annual rate of return (compounded annually) on this investment?

  The federal funds rate

If U.S. interest rates fall relative to Japanese interest rates and Japanese inflation falls relative to U.S. inflation, then the: The Federal funds rate:

  The maintenance on machine is expected

The maintenance on a machine is expected to be $155 at the end of the first year, then increasing by $35 each year for the next 7 years. What sum of money would need to be set aside now to pay the maintenance for the 8-year period? Assume 6% interest

  True about shareholders

Which of the following is true about shareholders?

  What is the market equilibrium price of rice

The US market of rice is described by the following domestic supply and demand equations: QdUS = 200 – 2 P , QsUS = -100 + 3 P where QdUS and QsUS represent the quantities demanded and supplied (in millions of tons) and P is the price per ton of rice..

  If actual inflation exceeds anticipated inflation

If actual inflation exceeds anticipated inflation, who will lose purchasing power, and who will gain? How does unanticipated inflation harm the country? As part of your answer, include how you and your employer would both be affected.

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