Price ceiling - Study guides, Class notes & Summaries

Chapter 03 Ethics, Social Responsibility, and Sustainability True/False Questions 1. The study of morality and standards of conduct is referred to as ethics. Answer: True Feedback: Ethics is the study of morality and standards of conduct. AACSB: Analytic AACSB: Ethics Bloom's: Remember Learning Objective: 03-01 EXAMINE ethics in international management and some of the major ethical issues and problems confronting MNCs. Level of Difficulty: 1 Easy Topic: Ethics and Social Re...

ASVAB MEPS Exam 223 Questions with Verified Answers A radar is designed to report the track of an aircraft every second. If this radar reports 30 tracks in one minute, what percentage of the time did the radar track the aircraft? - CORRECT ANSWER 50% Jerry walked a dog from 6:40 a.m. to 7:30 a.m. one day. If he was paid at the rate of $6 per hour, how much did he earn that day? - CORRECT ANSWER $5.00 A woman is looking for a bigger square office. She finds an office twice the area of he...

Econ 101 Final Exam Brent Kreider| with full latest solution What is the difference between a positive and normative statement? - A positive statement is based on facts and a normative statement is an opinion. If I have to drop out of college, it will cost me all of the tuition I have paid and the income I could have earned during those years while I was in college. True or false. - False because income should be considered a sunk cost and therefore not relevant to the question. Tonight I...

Price ceiling Correct Answer--a legal maximum on the price of a good or service -Example: Rent Control Price Floor Correct Answer--legal minimum on the price of a good or service -Example: Minimum Wage A price ceiling above the equilibrium price is _____ Correct Answer-Not Binding, has no effect on the market outcome The ceiling is a _______ on the price, which causes a shortage Correct Answer--Binding Constraint -Causes a shortage For supply and demand, price is more elastic in...

When working on multiple estimates in the same city/state/zip, you can set up Project Loss Defaults for that city/state/zip to save time. - True Where in Xactimate can you go to change the default wall thickness for all future estimates? - Control Center/Preferences This is a shortcut used in Model Statements to pre-fill data that has already been recorded in an estimate. - Token Which of the following is not an option through the Contact Manager? - Users You can data transfer an est...

Principles of Microeconomics Final Exam Questions And Answers 100% Verified The price of gold increased. The following is likely to happen on the gold market -the demand for gold will increase now and supply of gold will decrease now -the demand for gold will decrease now and supply of gold will increase now -both supply and demand now will decrease -both demand and supply now will increase -neither supply nor demand will shift - answerneither supply nor demand will shift which of the fo...

A tax on sellers correct answers - Shifts supply to the left - Price rises and quantity falls - The rise in price is less than the amount of tax - Increases the price that buyers pay and decreases the price that sellers receive statutory burden correct answers The statutory burden of a tax describes the burden of being assigned by the government the responsibility of sending a tax payment economic burden correct answers The economic burden describes the burden created by the change in a...

Which of the following statements does not describe equilibrium? A) Quantity demanded equals quantity supplied at the same price. B) The market is in balance. C) There are no shortages or surpluses. D) Equilibrium is a goal that is seldom achievement in the real world. - Equilibrium is a goal that is seldom achieved in the real world. The study or people and the choices they make in a world of scarce resources is know as: A) Microeconomics B) Macroeconomics C) Economics D) Internationa...

Principles of Microeconomics Final Exam Questions And Answers 100% Verified The price of gold increased. The following is likely to happen on the gold market -the demand for gold will increase now and supply of gold will decrease now -the demand for gold will decrease now and supply of gold will increase now -both supply and demand now will decrease -both demand and supply now will increase -neither supply nor demand will shift - answerneither supply nor demand will shift which of the fo...

Principles of Microeconomics Final Exam Questions And Answers 100% Verified The price of gold increased. The following is likely to happen on the gold market -the demand for gold will increase now and supply of gold will decrease now -the demand for gold will decrease now and supply of gold will increase now -both supply and demand now will decrease -both demand and supply now will increase -neither supply nor demand will shift - answerneither supply nor demand will shift which of the fo...