A job description is a result of the job analysis that summarizes the responsibilities and purpose of the job, the working conditions, and its relationship to other functions.
It provides a clear and concise understanding of what is expected of the job role, outlining the main duties, responsibilities and required qualifications.
Job descriptions help organizations establish expectations and define performance objectives for employees. They also help job seekers understand the role they are applying for and determine if they are a suitable fit.
A job description can also be used to create job postings, helping to attract and retain quality employees.
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in business today, which term is often used to describe an organizational structure that operates with the greatest number of rules and the least amount of effort, motivation, and sense of urgency? group of answer choices open system bureaucracy administration subsystem
A bureaucracy is an organizational structure that operates with the greatest number of rules and the least amount of effort, motivation, and sense of urgency.
It is a type of administrative system that is characterized by a hierarchy of authority, a clear division of labor, and a set of rules and regulations that must be followed.
The bureaucracy is often seen as a slow and inefficient system, as it requires a lot of paperwork and is often seen as bureaucratic in nature. It also tends to be resistant to change, as it is based on a set of established rules and regulations. This can make it difficult for businesses to quickly adapt to changing markets and customer demands.
In contrast, an open system is less rigid and allows for more flexibility and creativity. This type of system encourages innovation and allows for more creativity and innovation within the organization. It also allows for faster decision-making and is more likely to be able to quickly respond to changing conditions.
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what is the minimum number of estimates that buyers and sellers should get from contractors for work they want done on their home?
The minimum number of estimates that buyers and sellers should get from contractors for work they want to be done on their homes is three.
What is an estimate?
An estimate is a calculation or approximation of the cost of a service or works that a contractor or business will offer to its clients or customers. The cost estimate is a guide that may be used to establish a budget for a construction project.
Customers should request estimates from at least three contractors when seeking a dependable and high-quality contractor.
As a result, they may compare bids and choose the contractor who best suits their needs. To receive an estimate, you may fill out a form or contact a contractor. It is generally free to get an estimate.
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when the price of a product rises, the increase in quantity supplied will generally be greater in the long run than the short run because a. producers maximize short-run, not long-run, profits. b. over time, new firms will enter the industry and old firms will expand their operations in response to the price increase. c. consumers are less resistant to higher prices in the long run than in the short run because they have fewer options in the long run. d. consumer income will expand in the long run, causing resource prices to rise, which will induce producers to increase output.
The price of product rise is grater in long run because Over time, new firms will enter the industry and old firms will expand their operations in response to the price increase. (B)
In the long run, new firms have time to enter the market, and existing firms have time to increase their production capacity. This means that an increase in the price of a product will generally result in a larger increase in the quantity supplied in the long run compared to the short run.
In the short run, existing firms may not have the capacity to increase output significantly, and the cost of producing more goods may exceed the revenue generated.
Additionally, new firms may not have the resources to enter the market, so the increase in the quantity supplied may be relatively small.
In the long run, however, both new and existing firms have the opportunity to increase production, leading to a larger increase in the quantity supplied when prices rise. Additionally, consumers may have fewer options in the long run, making them more likely to accept higher prices. (B)
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arthur's parents own a home appliances business. his parents along with his three older brothers manage the business together. they want arthur to help with the business once he graduates. arthur has agreed to join the family business without putting much thought into this decision. in this scenario, arthur is in the status of identity referred to as
Arthur is in the status of identity referred to as: Identity foreclosure.
Foreclosure status of identity: This is the position of identity development in which a person has not been through a personal exploration process and has only agreed to follow in the footsteps of his or her family, and the individual's commitment to a given status is based only on what others have informed them about that status.
The foreclosure status of identity is associated with the propensity to take on the beliefs and expectations of others without questioning them, and it is usually observed among individuals from traditional cultures where conformity is valued over individualism.
This is a permanent way to integrate personal beliefs and views with the surrounding social environment. Thus, Arthur has foreclosed on his identity because he has agreed to join his family's business without any consideration.
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The production possibility curve is a boundary that seperates
The production possibility curve is a boundary that separates the combination of goods and services that can be produced given a fixed set of resources and technology.
With a certain supply of resources and technology, the production potential curve graphically depicts the widest range of products that a civilization is capable of producing. It is a border that symbolises the upper bound of what can be created with the resources at hand. The opportunity cost notion, which refers to the decision to produce one item or service over another, is illustrated by the curve. When the production of one thing or service grows, the opportunity cost of creating an additional unit of that good or service also increases, since resources become less efficient at producing it. Decision-makers may better comprehend the trade-offs between various production options and choose the option that will use resources in the most effective way by using the production possibility curve.
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What are diseconomies of scale in the long run?
Diseconomies of scale in the long run refer to the increase in average costs that occurs as a firm continues to grow beyond its optimal size.
When a firm increases its production in the long run, it may experience diseconomies of scale due to factors such as diminishing returns to scale, managerial inefficiencies, and communication problems. As a result, the average cost per unit of output increases, even as the total output increases.
One reason for diseconomies of scale is the difficulty in managing a larger organization. As a firm grows, it may become more complex and difficult to coordinate, leading to communication problems and duplication of efforts. Additionally, as a firm gets larger, it may experience diminishing returns to scale, where the marginal increase in output becomes smaller and smaller as the firm grows.
Diseconomies of scale can also arise due to increased bureaucracy and overhead costs. As a firm grows, it may need to add layers of management and support staff, which can increase overhead costs and reduce efficiency.
In the long run, diseconomies of scale can offset the benefits of economies of scale, which refers to the decrease in average cost per unit of output that occurs as a firm increases its production in the short run.
Overall, diseconomies of scale in the long run can make it more difficult for a firm to remain competitive and profitable and may limit its ability to continue growing beyond a certain point.
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when the price level falls, the number of dollars needed to buy a representative basket of goods
When the price level falls, the purchasing power of money increases.
This means that the same amount of money can buy more goods, meaning you will need fewer dollars to buy the same representative basket of goods. For example, if the price level drops from $100 to $80, you will only need $80 to buy the same representative basket of goods instead of $100.
In more detail, the decrease in the price level will lead to an increase in the real value of money, which in turn means the same amount of money can buy more goods. This is a result of the law of demand; when the price of a good decreases, the quantity demanded increases.
As a result, when the price level falls, the number of dollars needed to buy a representative basket of goods decreases.
This phenomenon is known as inflation. Inflation occurs when the purchasing power of money decreases, which can be caused by a variety of factors such as increases in the money supply and decreases in the value of the currency.
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in the u.s. a candy bar costs $1. if the nominal exchange rate were 6 chinese yuan per dollar and the real exchange rate were 1.2, then, what would be the price of a candy bar in china?
The price of a candy bar in China would be 7.2 Chinese Yuan. This is because the nominal exchange rate is 6 Chinese Yuan per Dollar, and the real exchange rate is 1.2.
Therefore, if we multiply the nominal exchange rate of 6 Chinese Yuan per Dollar with the real exchange rate of 1.2, we will get the price of the candy bar in China, which is 7.2 Chinese Yuan.
In other words, the cost of a candy bar in the US (1 US Dollar) multiplied by the nominal exchange rate of 6 Chinese Yuan per Dollar, and then multiplied by the real exchange rate of 1.2, will give us the cost of a candy bar in China (7.2 Chinese Yuan). Therefore, the price of a candy bar in China would be 7.2 Chinese Yuan.
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in the context of small business opportunities, which of the following statements is true of market niches? they tend to have many competitors. they fail to offer enough potential for small, specialized companies. they tend to be quite attractive to small firms. they are high-profile enough for large firms.
In the context of small business opportunities, the statement that is true of market niches is that they tend to be quite attractive to small firms.
A market niche is a specialized segment of a broader market that businesses or entrepreneurs may pursue to achieve a competitive advantage. A market niche is a tiny sector of the market that may have special requirements, preferences, or identities that are not being addressed by mainstream providers.
Small businesses may find it tough to compete in mainstream markets because they frequently lack the resources, ability, or experience necessary to outperform well-established rivals. As a result, many small businesses turn to market niches, which provide many benefits to small businesses that are not available in larger markets.
Market niches tend to be less competitive and less crowded than mainstream markets, making it simpler for small businesses to establish a name for themselves and develop a dedicated customer base. As a result, the company may provide a better value proposition and establish a competitive advantage.
Therefore, in the context of small business opportunities, market niches tend to be quite attractive to small firms.
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rolando's employer pays year-end bonuses each year on december 31. rolando, a cash-basis taxpayer, would prefer not to pay tax on his bonus this year. so, he leaves town on december 31, 2021, and doesn't pick up his check until january 2, 2022. when should rolando report his bonus?
Rolando should report his bonus on his 2021 tax return. According to IRS regulations, cash-basis taxpayers must report income when received, not when earned. Since Rolando received his bonus on January 2, 2022, he should include it on his 2021 tax return.
For his 2021 return, Rolando should record the bonus income on line 8 of the 1040 form. This line is specifically for "other income" and should be used to report income that cannot be reported elsewhere on the form.
Additionally, Rolando may be able to reduce the tax liability on his bonus by claiming certain deductions. For example, if he itemizes deductions, he may be able to reduce his tax liability through deductions such as medical and dental expenses, taxes paid, mortgage interest, and charitable donations.
It is also important to note that Rolando should not forget to report any applicable state taxes he might owe on his bonus income. Depending on the state he resides in, he may need to report his bonus income to his state tax agency as well.
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one of the effects of economic growth is: one of the effects of economic growth is: a lower level of reported happiness. a higher rate of infant mortality. less leisure time. better sanitation and health outcomes.
One of the effects of economic growth is "Better sanitation and health outcomes".
Economic growth refers to an increase in the production of goods and services over time. As a result, there are several effects of economic growth. One of these effects is better sanitation and health outcomes.
Better sanitation and health outcomes arise from increased access to resources, better technology, and higher incomes. With economic growth, more resources are available to invest in sanitation, clean water, and waste management systems.
Moreover, higher incomes allow people to afford better quality food, healthcare services, and improved living standards that promote health and well-being.
In conclusion, economic growth has several positive effects on society. Better sanitation and health outcomes are one of the many benefits that result from economic growth.
Hence, it is essential to promote policies and strategies that drive economic growth for the betterment of society.
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the 80/20 principle states that: select one: a. 20% of companies generate 80% of product sales b. 80% of the time, financial projections will be accurate c. 80% of all products are consumed by 20% of the populations d. 20% of customers generate 80% of the demand
This choice is best suited because approximately 80% of outcomes result from 20% of causes.
What is the 80/20 rule?The Pareto Principle, commonly known as the 80-20 rule, is a well-known adage that states that 20% of all causes or inputs are responsible for 80% of all outcomes (or outputs) for any given occurrence.
The 80-20 rule in business aims to prioritise the inputs that have the greatest potential for productivity. Managers, for instance, should place the most emphasis on the factors they have judged to be essential to the achievement of their company. The 80-20 rule can be employed in any sector, even though it is widely used in business and economics. Distribution of wealth, financial management, spending patterns, and even relationship infidelity
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state farm recently issued a semi-annual, 5% coupon bond. the bond will mature in 15 years. the current yield-to-maturity for bonds like this is 8%. assuming the par value is $1,000, what is the price of this bond?
The price of the 5% coupon bond issued by State Farm with a par value of $1,000 and a maturity of 15 years would be $2,032.21 approximately.
To calculate the price of a bond, we need to use the formula for present value of a bond: P = C / r (1 - 1 / (1 + r) n), where: P = price of bond, C = coupon payment, r = interest rate per period, n = total number of periods.
To find the price of the bond, we need to find the coupon payment, interest rate per period, and total number of periods. Coupon payment = 5% * $1,000 = $50 per year. Interest rate per period = 8% / 2 = 4% (since it is a semi-annual bond). Total number of periods = 15 * 2 = 30.
Now we can plug in the values into the formula: P = $50 / 0.04 (1 - 1 / (1 + 0.04)30) = $50 / 0.04 (1 - 0.386) ≈ $50 / 0.04 (0.614) ≈ $50 / 0.02456 ≈ $2,032.21. Therefore, the price of the bond is approximately $2,032.21.
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Ordering office supply can be described as which of these?Group of answer choicesa) Reflective decisionb) Self-awareness decisionc) Programmed decisiond) High-involvement decisione) Nonprogrammed decision
The Ordering office supplies can be described as a (c) programmed decision.
The Programmed-decisions are defined as decisions that are repetitive and routine, with well-established procedures or rules for making the decision.
The Ordering of office-supplies is a routine task that can be easily automated or delegated to a lower-level employee.
The decision-making process for ordering office supplies is often governed by established policies and procedures, such as a standard list of items to order, approved vendors, and an established budget.
Therefore, the correct option is (c) Programmed decision.
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The given question is incomplete, the complete question is
Ordering office supply can be described as which of these?
(a) Reflective decision
(b) Self-awareness decision
(c) Programmed decision
(d) High-involvement decision
(e) Nonprogrammed decision
t should an effective letter of transmittal include? a brief description of the project a list of illustrations
An effective letter of transmittal should include the following:
A brief description of the project list of illustrations or attachments instructions to the recipient for what to do next statement of gratitude or thanks a brief description of the writer's intentions regarding a letter of transmittal.
It is usually a one-page business communication document that accompanies a larger document or set of documents, such as a report, proposal, or invoice. A letter of transmittal provides a brief introduction to the accompanying document(s), as well as any relevant information on the content, context, or history of the document(s).
The purpose of a letter of transmittal is to make the recipient aware of the purpose of the document(s), provide a context for reading, and guide the recipient on how to use or interpret the document(s). It's also a good opportunity to express gratitude to the recipient.
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the classifications on the statement of cash flows are cash flows from (select all that apply.) multiple select question. financing activities. investing activities. discontinued activities. business activities. operating activities.
The classifications on the statement of cash flows are cash flows from operating activities, investing activities and financing activities.
Cash flows are a measure of a company's inflow and outflow of cash. It's a financial statement that shows the cash entering and leaving the company over a particular period of time. The Statement of Cash Flows is an essential tool for investors, creditors, and other stakeholders since it presents a more accurate picture of the company's liquidity and financial health.Cash flows can be classified into three categories:Operating activities: This section lists the money inflows and outflows related to regular business operations, such as buying and selling inventory.Investing activities: This section covers the cash inflows and outflows related to investments, such as buying or selling property, plant, and equipment or acquiring another business.Financing activities: This section lists the cash inflows and outflows associated with the company's financing, such as borrowing or issuing stock.Learn more about cash flows: https://brainly.com/question/735261
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advertising assists in keeping prices down by lowering the cost of production. encouraging competition. offering people the opportunity to satisfy symbolic wants and needs. educating consumers about new uses of products. conveying positive images of products.
The given statement "Advertising assists in keeping prices down by encouraging competition." is true. Because, this helps in comparing the products and services.
How does advertising encourage competition?Advertising encourages competition by making it possible for companies to compare their products and services with those of their rivals. This rivalry leads to lower prices for consumers since companies are vying for their business. As a result, this encourages companies to enhance their goods or services and keep costs down. In addition, advertising can be a powerful force in educating consumers about new products and ideas. When a product is new, people may not be aware of its benefits, and advertising can be used to communicate these benefits to potential customers. Furthermore, advertising can create positive images of products, which can lead to increased demand and higher prices.
Advertising can also offer people the chance to satisfy symbolic desires and needs. Many consumers purchase items based on how they perceive themselves, and advertising can be used to create images and lifestyles that appeal to these consumers. So, advertising encourages competition, educates consumers about new products and uses, conveys positive images of products, and offers people the chance to satisfy symbolic desires and needs.
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farah has just lost her job and has applied for unemployment. she is dealing with anxiety and depression, since she is a week away from losing her home. with the loss of her job, she has fallen below the poverty line. which type of professional would have the most relevant training to assist her with her problems?
In order to assist Farah with her problems of anxiety, depression and loss of her home, a social worker would have the most relevant training.
The social worker is a professional with the most relevant training to assist Farah with her problems of anxiety, depression, and loss of her home. A social worker is a trained professional who works with people to resolve problems in their everyday lives.
A social worker works with individuals, families, groups, organizations, and communities to improve their overall well-being by providing a range of services that may include counseling, case management, advocacy, and community development.
To address Farah's problems, the social worker would help her obtain food and housing assistance, find job training and employment opportunities, and provide counseling for her anxiety and depression.
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which of the following would be a deterrent to companies seeking to achieve a competitive advantage through one company making an investment in a specialized asset so it can trade with another? tapered integration the risk of holdup transfer prices technological change mutual dependence
Mutual dependence can be a deterrent to companies seeking to achieve a competitive advantage through one company making an investment in a specialized asset so it can trade with another.
Mutual dependence occurs when two firms become interdependent and one firm's decisions will affect the other firm. This can lead to both firms losing their competitive advantages.
Additionally, the risk of holdup is a potential deterrent as well. This occurs when one firm has bargaining power over another due to investments made in specialized assets. The firm with bargaining power can demand higher prices or better terms in return for their investment, thus eroding the potential competitive advantage. Lastly, technological change can also be a deterrent, as it can quickly render the specialized asset obsolete or unprofitable.
In conclusion, mutual dependence, the risk of holdup, and technological change can all be deterrents to companies seeking to achieve a competitive advantage through one company making an investment in a specialized asset so it can trade with another.
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reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. in late december, she received a $29,000 bill from her accountant for consulting services related to her small business. reese can pay the $29,000 bill anytime before january 30 of next year without penalty. assume reese's marginal tax rate is 32 percent this year and 35 percent next year, and that she can earn an after-tax rate of return of 10 percent on her investments. required: what is the after-tax cost if she pays the $29,000 bill in december? what is the after-tax cost if she pays the $29,000 bill in january? use exhibit 3.1. note: do not round intermediate calculations. round your answer to the nearest whole dollar amount. should reese pay the $29,000 bill in december or january? what is the after-tax cost if she expects her marginal tax rate to be 24 percent next year and pays the $29,000 bill in january? use exhibit 3.1. note: round your answer to the nearest whole dollar amount. should reese pay the $29,000 bill in december or january if she expects her marginal tax rate to be 32 percent this year and 24 percent next year?
Reese should still pay the $29,000 bill in December because the after-tax cost is lower.
The marginal tax rate is the tax rate charged on the remaining taxable income after being charged at the previous tax rate.
Reese should pay the $29,000 bill in December. If Reese pays the bill in December, the after-tax cost will be $19,880 ($29,000 x (1-0.32)). If she pays the bill in January, the after-tax cost will be $20,780 ($29,000 x (1-0.35)).
If she expects her marginal tax rate to be 24 percent next year and pays the $29,000 bill in January, the after-tax cost will be $21,720 ($29,000 x (1-0.24)). In this case, Reese should still pay the $29,000 bill in December because the after-tax cost is lower.
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compared to an import quota, an equivalent tariff may provide a less certain amount of protection for home producers because
Compared to an import quota, an equivalent tariff may provide a less certain amount of protection for home producers because tariffs are less restrictive than quotas.
A tariff is a tax imposed on imports, while a quota is a limit on the amount of a particular good that can be imported into a country. This means that a tariff may not necessarily prevent foreign producers from exporting goods to the domestic market.
For example, if the tariff is set too low, foreign producers may still be able to sell their goods in the domestic market despite the tariff. Additionally, if the tariff is set too high, domestic producers may not be able to compete with foreign producers, which could lead to a loss of jobs in the domestic market.
In contrast, an import quota sets a clear limit on the amount of a particular good that can be imported into a country. This provides a more certain amount of protection for home producers because it restricts the amount of foreign competition that they face.
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The two general costing approaches used by manufacturing companies to value inventory and cost of goods sold are _________ costing and _________ costing. (Enter only one word per blank.)
The two general costing approaches used by manufacturing companies to value inventory and cost of goods sold are absorption costing and variable costing.
What is absorption costing?Absorption costing is a costing method in which all manufacturing costs, both fixed and variable, are assigned to products. These costs include direct materials, direct labor, and both variable and fixed manufacturing overhead.
Variable costing is a costing method in which only variable manufacturing costs, such as direct materials, direct labor, and variable overhead, are assigned to products. Fixed manufacturing costs, such as rent and salaries, are treated as period costs and are expensed in the period incurred.
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if you want to find out what law governs the sales of goods in the various states in the united states you should consult:
If you want to find out what law governs the sales of goods in the various states in the United States, you should consult the Uniform Commercial Code (UCC).
The Uniform Commercial Code (UCC) is a collection of state laws that govern commercial transactions in the United States. It was first published in 1952 and has since been adopted by all 50 states.
The UCC governs the sale of goods, commercial paper, secured transactions, bank deposits, letters of credit, documents of title, investment securities, and secured transactions.
The UCC is intended to provide a consistent and uniform set of rules and regulations that businesses can follow when engaging in commercial transactions across state lines.
It is one of the most important legal documents for businesses to understand because it affects how they operate and interact with other businesses across the United States.
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will you now, or at any point in the future, require any sponsorship or work permit for employment status?
Yes, certain countries will require a sponsorship or work permit in order to gain employment status.
To get a work permit, you must have a valid passport and visa, meet the requirements of the country you’re going to work in, and show proof that you’re able to financially support yourself while working in that country.
You must also have a job offer from a qualified employer in the country and the employer must provide sponsorship for the work permit.
Depending on the country, you may need to take a medical exam and provide a criminal background check. The requirements vary from country to country and are subject to change.
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if congress and the federal reserve both wished to encourage growth of productive capacity in an economy already close to full employment, it would be most appropriate to
In an economy that is close to full employment, Congress and the Federal Reserve may wish to encourage growth of productive capacity. The most appropriate way to do this is to use fiscal and monetary policies.
Fiscal policy includes government spending and taxation, which can be used to directly boost demand in the economy. Tax cuts or additional government spending can increase demand, and in turn spur businesses to produce more.
Monetary policy is the use of interest rates and other tools to control the amount of money circulating in the economy. Lower interest rates can make borrowing money cheaper, encouraging businesses to invest more in productive capacity.
Ultimately, the goal is to use a combination of both fiscal and monetary policies to achieve the desired growth. When the government increases spending, it should do so in a way that encourages private businesses to produce more. For example, cutting taxes for businesses can make them more profitable, encouraging them to invest in new production capacity.
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If a binding price floor is imposed on the video game market, then:a) The demand for video games will decrease.b) The supply of video games will increase.c) A surplus of video games will develop.d) All of the above are correct.
If a binding price floor is imposed on the video game market, then the supply of video games will increase. Option B is the correct answer.
When the government imposes a necessary price on an item or collection of goods at a price above equilibrium, it creates a legally enforceable price floor. This price restrains the market for that item since the government mandates that prices not fall below it. Some consumers will refuse to pay that price because the government has artificially inflated it. Unsold goods come from this, leading to an excess of that good. Option B is the correct answer.
By enacting legislation, governments have the ability to artificially inflate the cost of specific items, induce economic unrest, and establish legally enforceable price floors for these goods. These regulations allow for the prohibition of the sale of goods at market prices or below the price floor. Option B is the correct answer.
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the government imposes an excise tax on house paint. the house paint tax incidence takes place within a market where the supply of house paint is perfectly inelastic and the demand for house paint is perfectly elastic. the excise tax is paid by the responses consumers of house paint. consumers of house paint. government. government. producers of house paint.
The incidence of an excise tax is totally borne by consumers in a market with perfectly inelastic supply and perfectly elastic demand for house paint, with no effect on producers or the government.
The incidence of an excise tax will be totally paid by the consumers in a market for house paint with perfectly inelastic supply and perfectly elastic demand. This is so because there is a set supply of house paint that cannot be altered in reaction to price variations. As a result, if an excise tax is implemented, the cost of house paint would rise by the whole amount of the tax, and customers will be responsible for paying the entire tax. While the government will collect the tax income without any loss or benefit in terms of welfare, producers won't be impacted because the tax won't change their production costs.
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PLSSSSSSSS HELP!! ASAP!!! ANSWER THOSE QUESTIONS!
Unit 1 – Scarcity and Opportunity Cost
What does it mean if a resource is scarce? Give a real-life example of a resource in your life that is scarce.
Unit 2 – Production Curves
Which factors of production had to be utilized to bring you an online education?
Unit 3 – Role of Government
What is one way the government intervenes in the United States economy? Explain why this happens.
Unit 4 – Regulation of Trade
What are some ways a government can place regulations on foreign trade? Can these regulations benefit or harm our economy?
The state of not being able to obtain all the commodities and services one desires is known as scarcity. It exists because there are more commodities and services that people demand than can be produced with all of the available resources.
What is Production Curves?
The factory and the personnel employed there are the limited resources. The management must decide whether to produce cars or SUVs. The revenue that could have been made by making SUVs instead of cars is the revenue that would have been generated by making cars instead of SUVs.
The production potential curve visually illustrates several manufacturing options available to an economy. The community's productive resources can be employed to create a variety of alternative commodities. But, due to their scarcity, a decision must be made between them and the available substitute items. The production potential curve is significant because it may show the greatest amount of output that can be produced with a particular set of resources.
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the government agency that oversees the banking system and is responsible for the conduct of monetary policy in the united states is a. the united states treasury. b. the federal reserve system. c. the u.s. gold commission. d. the house of representatives.
The government agency that oversees the banking system and is responsible for the conduct of monetary policy in the United States is the Federal Reserve System. The correct answer is option b.
The Federal Reserve System is the United States' central bank, which is responsible for conducting monetary policy and regulating financial institutions. The Federal Reserve System (FRS) is also known as the Fed.In general, the Federal Reserve has two primary objectives: maximum employment and price stability. The Federal Reserve is required to use monetary policy tools to promote maximum employment and stable prices.
The Federal Reserve has a dual mandate, and it's responsible for the following:
Conducting monetary policy, including setting interest rates and adjusting the money supply in the economy Supervising and regulating financial institutions to maintain stability in the financial system
Providing financial services to the government
The Federal Reserve is the banking system's overseer and conducts monetary policy in the United States, making answer b correct.
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historically, why didn't the court decision to require real estate licensees to be honest change the buyer beware approach to home purchases?
Historically, the court's decision to require real estate licensees, to be honest change the buyer beware approach to home purchases C) Unless asked, disclosure was not required
The court's requirement that real estate licensees be truthful historically changed the buyer-beware philosophy of house transactions. The disclosure was not needed until requested. Before, unless specifically requested by the buyer, real estate brokers were not legally compelled to divulge certain information. As a result, purchasers have to be attentive in making the correct inquiries and performing independent research.
Due to a combination of business and legal practises that favoured sellers and agents over purchasers and a lack of regulatory obligations for brokers to provide critical information to customers, the "buyer beware" attitude to house transactions has prevailed. Buyer representation did not become more widespread and disclosure requirements did not become more stringent until subsequent revisions in laws and regulations.
Complete Question:
Historically, why didn't the court decision to require real estate licensees to be honest change the buyer beware approach to home purchases?
A) Only sellers were represented in transactions
B) The laws did not favor consumers
C) Unless asked, disclosure was not required
D) Licensees made a point to be ignorant
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