Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Price controls are government restrictions on prices charged for goods and services in the market. Government policies regulating prices can be controversial because they keep prices artificially low and can cause shortages. For example, in 2005, the state of Hawaii passed a price ceiling on the cost of gasoline to fight price gouging. However, in 2006, the governor of Hawaii repealed the law, stating that it was not helping to lower gas prices for Hawaii and that the government should look for alternative ways to limit oil company profits.
How do price ceilings for gas price caps impact the supply curve and the demand curve for gasoline?
What happens to the market when gas price ceilings are less than the equilibrium price? What happens when gas price ceilings are greater than the equilibrium price?
In your opinion, do you think price control policies such as the gas price cap should be used to provide fair pricing in the gasoline industry? Why or why not?
If a bank has $100 million in deposits and $16 million in reserves with a reserve requirement of 0.15,
Consider two countries, the United States and India, producing two commodities, food and clothing. The United States needs one and a half hours of labor to produce a unit of food and one hour to produce a unit of clothing. Draw the production possibi..
Suppose that nominal GDP in year 1 is 200 and nominal GDP in year 2 is 242. Assume that inflation is 10 percent per year. How fast did the economy grow between these two years?
Suppose the firms in a monopolistically competitive market are earning positive economic profits. What will happen to move the market to its long-run equilibrium?
If the firm's fixed costs double while variable costs are unchanged, then
Suppose the government reduces taxes by $20billion, that there is no crowding out and the marginal propensity to consume is 3/4. what is the initial effect of the tax reduction on aggregate demand? what additional effect follow this initial effect? w..
What is the depreciation charge of an equipment purchased five years ago for $200,000, and a expected life of 10 years if it is depreciated using a MACRS method?
Consumer spending during holiday seasons affects the aggregate demand (AD) in the economy. AD drastically declines during serious recessions. Explain what President Roosevelt might have been trying to achieve, using the model of aggregate demand and ..
If a nonbinding price floor is imposed on a market, then:
q1. pick a society and time in history you would consider that the vast majority were doing very well economically.
In the late nineteenth century, the German sociologist Max Weber described bereaucracies as highly ______ organizations that enabled large numbers of people to get difficult jobs done efficiently.
What would the following contracts look like on a graph where the total income is on the horizontal axis and the number of tasks is on the vertical axis?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd