The closer you move toward perfect competition, the greater loss of the social welfare. Select one: True False
Answers
The statement "The closer you move toward perfect competition, the greater the loss of social welfare", is False.
Social welfare is a type of government assistance provided to people who are struggling to survive on their own. The government provides them with financial assistance, healthcare, education, and other services that they would be unable to afford on their own.
Perfect competition is defined as a scenario in which a large number of small firms compete to provide the same product. There are no restrictions on the entry and exit of firms, and consumers have access to complete information about the goods they purchase.
As a result, firms must charge a price that is equal to their marginal cost, and they have no market power. In a perfectly competitive market, the benefits of competition outweigh the costs. Competitive markets, on the other hand, can result in a loss of social welfare. Prices are higher than they would be in a perfectly competitive market because firms have some market power, which allows them to charge prices that are greater than their marginal cost.
As a result, consumers must pay a higher price for the same product. Furthermore, in a competitive market, there is a greater likelihood of collusion, which occurs when firms conspire to restrict output in order to increase prices. Thus, the statement " The closer you move toward perfect competition, the greater the loss of social welfare" is incorrect.
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Related Questions
Question 1 (10 points) You are faced with a problem. You want to go to the movies with your friends and see the latest action flick. However, your mother left you firm instructions to mow the lawn. You will risk losing your allowance if you don't mow the lawn. Apply what you have learned in this course. a) Create a decision-making grid similar to the one you learned about in Unit 2. Then decide which would be the best use of your time. b) Make a choice as to which you will do. Write an explanation (at least one well- developed paragraph in length) in which you explain how you have decided to use your time and why you made that particular choice. Your explanation should include terms such as "opportunity cost" and "trade-off" and your reasoning for making the choice you made.
Answers
The dilemma is to decide whether to ignore mother's orders or comply with them in this situation.
What is Opportunity Cost?Opportunity Cost refers to the losses incurred on leaving the other possible alternatives in the decision making and choosing the one. It is the value of the best alternative choose in the process of the decision making.
In the Above situation,the individual would enjoy with friends if he goes to watch the movie However it can lead to trouble with his mother.
However, if individual does cleaning of the lawn; the price would be the fun you would have to forgo.
The best course of action would be to obey your mother because the consequences of doing otherwise are much worse.
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by having robert conduct all 15 of the first-round interviews, there is consistency of the rater during the interview process. this consistency is known as
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By having robert conduct all 15 of the first-round interviews, there is consistency of the rater during the interview process. This consistency is known as Reliability.
Give a brief account on reliability.The term reliability describes how regularly or dependably a test assesses a trait. A test is said to accurately measure a characteristic if a person who takes it again receives results that are similar.
How can we take into account the case of a person who doesn't consistently receive the same test score? The following are a few potential causes:
Transitory mental or physical condition of the test-taker. A person's psychological or physical state at the time of the test may have an impact on how well they do on it. The applicant's test results could be impacted, for instance, by varying levels of anxiety, exhaustion, or motivation.Environmental factors : The testing environment might differ from one test to the next, including in terms of room temperature, lighting, noise level, and even the test administrator.Test form : Numerous tests have multiple iterations or formats. Although the items on each form vary, they all aim to quantify the same thing. Parallel forms and alternate forms are terms used to describe several test configurations. Although they contain distinct items, these forms are made to have comparable measuring qualities. A test-taker might perform better on one form than another since the forms aren't precisely the same.Multiple raters : In some tests, the score is based on the rater's evaluation of the test-performance taker's or responses. The test taker's test results may vary depending on the raters' backgrounds, levels of experience, and frames of reference.To know more about, HRM, visit :
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Which situation is an example of direct taxation?
O A. A government charges a bank a fee on its deposits, so banks raise
rates for customers.
B. The government charges a tax on imports, which companies pass
on in the prices they charge buyers,
C. Businesses must send a portion of their income each year to the
government
D. Stores charge sales tax on each purchase and send that money to
the government
Answers
When Businesses pay a portion of their income to the government in the form of taxes, such a situation is an example of direct taxes. Therefore, (C) is the correct option.
What is Direct Taxes?Direct taxes are paid by the citizens directly to the government without any other stakeholder in between. there are majorly two types of direct taxes, corporate Tax, and Income tax.
Businesses pay corporate tax on their income, which is a form of direct tax.
Therefore, (C) is the correct option.
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You deposit $1,500 in a bank where you have a savings account. The bank
pays you an interest of 5% per month. But later, the bank reduces the
interest rate from 5% to 3%, and that reduces your interest earnings from
$75 to $45.
What kind of risk explains the given situation?
Answers
Interest rate risk is the risk that arises for fixed-rate investments from fluctuating interest rates. How much interest rate risk a fixed-rate investment has depends on how sensitive its price is to interest rate changes in the market.
In computing the GDP, why is it import spending subtracted from the sum of consumption, investment, government purchases and export spending?
-Economics
Answers
Import spending is subtracted from the sum of consumption, investment, government purchases and export spending in the calculation of GDP because import represents spending on goods and services that are not produced in that economy.
Gross domestic product is the total sum of goods and services produced in a particular economy in a given period. One of the ways that can be used to determine the value of GDP is the expenditure approach.
The expenditure approach to determine GDP = Consumption + investment + government purchases + ( export - import).
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The law of supply indicates that other things equal:.
Answers
Answer:
The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.
How does the availability of economic resources in conjunction with the law of diminishing returns affect an entrepreneur's decisions?
Answers
Answer: A
Explanation:
According to the law of diminishing returns, the increase in output that results from adding a production factor is smaller. The law of diminishing returns aids the business in determining the ideal amount of output in production. This is so that the producer can determine whether or not the output has reached its maximum potential.
Why is the law of diminishing returns important?Because economists anticipate that a firm's short-run marginal cost curves would slope upward as the number of output units rises, the law of diminishing returns is significant because it forms part of the theoretical framework.
According to the economic theory known as the law of diminishing returns, as an investment in a certain area rises, the rate of profit from that investment can no longer rise if other factors remain constant after a certain point.
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the largest source of fees for banks when it comes to checking accounts is...
Answers
Answer: Bank overdraft fees
Explanation: Bank overdraft fees are the highest of all banks fees, at around $35 per overdraft. Returned deposit fee. When a bank customer deposits a check that bounces, that customer will likely incur a returned deposit fee to cover the costs of handling the missing funds. These fees cost customers about $15 per returned deposit.
The largest source of fees for banks when it comes to checking accounts is the Overdraft fees.
Overdraft fees refers the fees that are charged on an account for the use of overdraft facility by the account owner.
Other source of fee for banks includes ATM charges, Minimum balance etc
Therefore, the largest source of fees for banks when it comes to checking accounts is the Overdraft fees.
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It is a good idea to get and use an many credit cards as possible to build credit history. True False
Answers
Who would win Hawk Eye (Marvel) or The Green Arrow (DC)
Answers
Answer:
Buff animal crossing.
Explanation:
Answer:
Green Arrow
Explanation:
Which of the following describes buying insurance? (1 point)
O The premium is a cost that would be higher if the likelihood of the loss were lower.
O A premium is a benefit that the insured receives from the insurer.
O A premium is a cost that increases if the risk of a financial loss increases.
O A copayment is a benefit that might increase if the premium is decreased.
Answers
When purchasing insurance, a premium is a cost that rises as the likelihood of a monetary loss increases.
Is purchasing insurance a risky endeavour?The right response is transfer, the risk is transferred to the insurance business when an investor, in this situation, purchases an insurance cover. This indicates that the insurance company will compensate the insured should the risk covered by the policy materialise. Consequently, purchasing insurance is a method of transferring risk.
What does the definition of an insurance premium mean?the monthly premium you pay for health insurance. You typically have to pay a deductible, copayments, and coinsurance in addition to your premium for your health care.
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I'd:4846539230
passcode Q9opl
or
fco-tthv-dvt
Answers
Answer:
I'm guessing for a zoom?
Explanation:
Please Help 100 Points + Brainlest Answer
Take in note *If I have $1046 spending cash for 1 month * Answer the Following questions based on that.
Your daughter gets sick and has to be in the hospital. You have to pay $2000 out of pocket before the health insurance company starts to pay the bill. What is this an example of?
Did you have enough left over from your pay check to cover that expense?
The following month, your wife gets into a car accident. She is out of work, but luckily you have been paying for _________________________ which helps pay the bills.
The month after, your son gets into a minor car accident. You must pay $500 out of pocket before your _______________________ company pays for the rest of the damages.
Your insurance goes up to $250 per month from $100. Do you have enough left over from your paycheck to cover that expense?
The government passes a new tax law that increases the tax percentage to 20% (.2) for less than $50,000, 30% (.3) for 50-99,999, and 40% (.4) for anyone making over $100,000. How much less will you be bringing home after taxes?
You get laid off from your job and find a job that only pays $25,000 a year. Your spouse finds a job that only makes $25,000 a year. You make $50,000 total but now you have to pay for daycare which is $300 a month. How much money do you have left over after you include all your other expenses?
Do you have enough money, or do you have to cut back on your expenses?
You want to go on vacation, and you charge $6,000 for a vacation to Disney. If the interest rate is 25%, how much will you have to pay IF you were able to pay it off all at once? 6,000 x .25 = _____ + 6,000 = _______
You have a third child, and now your grocery bill goes up another $100. How much do you have left over?
Answers
Explanation
you ill have 234 left
Explanation:
234 Will Be Left Hope It Helps U
The advantages of a market visit include all of the following except: A. gather additional data to reach final decision. B. confirm market potential. C. contradict market potential. D. build confidence in firm's ability for exporting. E. gain confidence in firm's ability for exporting.
Answers
The advantages of a market visit include all of the following except gain
confidence in firm's ability for exporting.
Market visits helps an organization to compare the prices of goods and to
provide first hand knowledge of the goods under review such as the quantity being available and produced.
These type of visits helps to build confidence of the organization's ability to
export and not to gain it as a result of the organization already knowing the
implications of exporting goods.
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It Takes a Village!
Required Materials
Word processing software
Have you ever heard of an all-inclusive vacation? There are some resorts that offer everything—hotel, food, entertainment, and tours. What about the huge floating resorts that many have found appealing—cruises? To make these operations run smoothly and allow guests to have the best getaway experience they can, many different jobs are required. Most of these jobs can be found in the career clusters we learned about in our unit.
In this activity, you will pick one type of all-inclusive vacation. Research an example of the vacation destination you have in mind and list the amenities that are offered. See if you can identify at least two careers from the Arts, AV Technology & Communication Cluster and two from the Hospitality & Tourism Cluster that all work together in this resort. For each one of your four careers, take a few minutes to research more about the role they play, as well as what a person would need to do to get started in this career path. Let's consult our handy reference, the Bureau of Labor Statistics' Occupational Outlook Handbook, once again to find more information. This time check out the headings “How to Become One,” “Pay,” and “Job Outlook” for each career you choose.
Once you have gathered the career information on the professionals you might find in your all-inclusive resort, it’s time to put your research to use. You will create a flyer for your resort, introducing guests to each person who will play a part in making their stay memorable. On your flyer, include a name (you can make one up) and title for each person. Explain in one paragraph under their name a little bit about what they do at the resort. Under that paragraph, include a paragraph with a quick (imaginary) biography that showcases the person’s education and career path.
Do your best to make your flyer fun and appealing so that guests will immediately feel right at home, knowing that their vacation is in the hands of some of the best professionals in the business!
Your flyer should include the following elements:
Employees who represent two careers from the Arts, AV Technology & Communication Cluster
Employees who represent two careers from the Hospitality & Tourism Center
One paragraph under each explaining the job duties of the employee
One paragraph under each with a short bio of the employee
Answers
These are the flyers about the all-inclusive vacation employees:
Lucy AdamsShe's the singer of our cruise! You will enjoy her beautiful voice every night of your holiday and have a great time listening to the best songs you can think of!
Lucy is a professional singer who sings in three different languages: English, Spanish and Italian. She's the best one out here in the sea! Don't miss her!
Tom DíazHe's the chief animator of our cruise! He's the one in charge of making you have your best vacation! You will laugh with his jokes and enjoy the day next to the pool playing games with him and the rest of the amazing team.
Tom has been working in the entertainment industry for many years now. He is a comedian so he will know how to make you laugh!
Penelope SmithShe's the best tourist guide in this cruise! She can explain to you what you do in the places where the cruise stops. You can't miss her recommendations!
Penelope has studied tourism and she knows how to make your trip the best one! She has been to all the places we will visit with the cruise so you can ask her for advice whenever you need.
John HarriesHe's the best chef you can find! You can find John in the purple restaurant where you can try the best food you have ever eaten. He specializes in pasta, so you can't miss the Italian night in the cruise!
John is a professional chef with many years of experience on board. He has lived many years in Italy where he learnt everything about the culture and flavors that he applies to his dishes.
How do you solve writing exercises?To complete writing exercises in English, you have to do a research of the topic you are going to write about first. In this case, you have to select four jobs that are available to do in all-inclusive holidays and then write flyers with specific information about the people who do these jobs.
In writing exercises, it is important to use key words and organise your information so it is easier for the reader to understand.
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how can you increase your business
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I hope this helps! Heart this if you appreciate this and leave stars!
Why is having a professional profile recommended over a simple objective statement?
Answers
Answer:
The resume profile is usually slightly longer than the objective and should quickly communicate to hiring managers why you are a good fit for the position. Some employers prefer a profile over an objective because they'll typically learn more about the candidate's background.
Explanation:
that way the person interviewing you knows what ur good at and what ur abt if uve been to jail or prison or was a bad kid in ur childhood
Select the correct answer. Which of these is an essential element of a formal email? A. sender's website B. date line C. subject line D. sender's home address
Answers
Answer:
The answer is C.
Explanation:
Email is an electronic method of sending mail to a friend, family, colleague, business partners, suppliers etc.
According to this question, the essential element of a formal email is Subject line(option C). The subject line give us the clue of what will be in the body of the mail. The subject line is like the title or the headline.
Option A is not correct because it is not usually in the mail. And this is the reason for the other incorrect options too.
Answer:
The answer is C
Explanation:
For the business venture which you have selected cair detailing shop, you are required to evaluate specitic factors of the venture. You may evaluate the following factors: 1. The business environment - the local environment for the business venture should be analysed to establish the potential of the venture in its present location. 2. Profit, sales, and operating ratios - to estimate the potential earning power of the business, you should review the past 2 years profits, sales, and operating ratios. 3. The business assets - the tangible and intangible (e.g. reputation) assets of the business need to be assessed. 4. Information about the business venture: a. The performance of the company b. The nature of its competition c. The condition of the market of the company's products or services 5. Key questions that you need to ask: a. What is the current physical condition of the business? E.g. Does the company own the building? If it does, how much repair work needs to be done? b. What is the condition of the inventory? E.g. How much inventory does the current owner show on the books?
Answers
To evaluate the car detailing shop business venture, factors to consider include analyzing the local business environment, reviewing past profit and operating ratios, assessing tangible or intangible asset, competition, and market conditions.
1. Analyze the local business environment to determine the potential of the car detailing shop in its current location.
2. Review the past 2 years' profits, sales, and operating ratios to estimate the business's earning potential.
3. Assess the tangible and intangible assets of the business, including its reputation.
4. Gather information about the performance of the company, the nature of its competition, and the market conditions for its products or services.
5. Ask key questions about the physical condition of the business, such as ownership of the building and repair needs, as well as the condition of inventory in terms of quantity and value.
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Percy’s GPA is 2. 75, so he should list it on his résumé. Please select the best answer from the choices provided T F.
Answers
The given statement that GPA of Percy is 2.75, so he should list it on his resume, is the false statement.
What is GPA?
The full name of GPA is the Grade Average Point. A GPA is the sum of all of the individual grade points earned throughout the degree program.
Graduate students are often obliged to have a certain GPA.
At the time of filling out a resume, there are several basic and necessary questions that a person should consider in order to meet the criteria that the client is searching for.
In terms of GPA, Percy's is comparable. It is not appropriate to include it on a resume unless specifically requested or required. Most of the time it isn't required, thus the given statement is false.
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Answer: False
Explanation:2.75 gpa is bad
Which of the following are hybrid organizations that offer the same liability protection as a corporation but may be taxed as either a partnership or corporation? (Check all that apply) Please help asap
⬜️ CPA
⬜️ LLC
⬜️ LLP
⬜️ DDA
⬜️ EPA
Answers
Answer:
CPA, DDA, AND EPA
Explanation:
LLC LLP are hybrid organizations that offer the same liability protection as a corporation but may be taxed as either a partnership or corporation. The answer is OPTION B and C.
LLCs and LLPs are generally not taxed at the entity level like a traditional C Corporation. Instead, their profits and losses pass through to the individual owners' tax returns, similar to partnerships. This is often referred to as "pass-through taxation." The owners report their share of the company's income on their personal tax returns, and they are responsible for paying taxes on that income.
On the other hand, corporations, especially C Corporations, may be subject to double taxation—once at the corporate level when the company generates profits and again at the individual level when dividends are distributed to shareholders.
In summary, LLCs and LLPs offer liability protection and flexibility in taxation, but they are not taxed the same way as corporations. It's important to consult with legal and tax professionals to determine the best business structure for your specific situation and goals.
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If the market price is $6.30, in the long run, Group of answer choices new firms will enter the market. existing firms will exit the market. firms will neither exit nor enter the market. Not enough information to answer this question.
Answers
Answer:
Option D. Not enough information to answer this question.
Explanation:
There are number of factors the company considers before entering or exiting the market and some of these include Marginal cost or marginal revenue analysis, project analysis which considers the future cost and benefits by continuing the business, Porter five forces factors consideration before entering, Capabilities and resource analysis, etc.
So merely a price doesn't decides that we going to enter the market or we are leaving the market. Their are chances that we can control the cost of that the competitor starts selling the product at cost which will have harmful impact.
So the information provided to answer this question is not enough.
What other things do you think are important to consider when funding a business why are they important
Answers
Answer:
the profitability of the business
Explanation:
to enable you to know the ability of the business paying you back
28. Jojo is offered an installment loan at a fixed rate for a secured debt. Explain what each aspect of that offer means: 42
Answers
An instalment loan at a fixed rate for a secured debt means they are charged an interest rate that is unchanged for the term of the loan from the time of borrowing.
What is an instalment loan?Instalment loans are those types of loans that allow individuals to borrow a predetermined amount of money, disbursed in a lump sum and it can be repaid over time.
These loans come with a fixed interest rate and require regular monthly payments that remain the same each month. A portion of each monthly payment is applied to the principal amount borrowed.
Further, a portion is applied to the interest on the loan.
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How do performance standards best promote ethical behavior?
Answers
Answer:
reviews and if manage hold themselves to a high standard of ethical behavior how do managers deal with overstaffing problems teaching employees better time management/.
Explanation:
19. Which medium has the advantage of moving images, sound, and portability in business?
*
(1 Point)
Newspapers
Transit Media
Internet
Radio
Answers
Answer:
Internet
Explanation:
Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.
name two advantages and two disadvantages of being able to shop online.
Answers
Answer:
two advantages is that u can not out with with the pandemic and u don't have to leave ur house two disadvantages are if u get scammed or if it doesn't fit u or sizes u or if they treat u badly
Advantages include being able to shop for anything you want right from the comfort of your home. You don’t have to carry large heavy items
Which statement is an example of inflation?
Answers
Answer:
The price level of many things you buy increases over time.
Explanation:
The question itself was a bit confusing, like there was going to be options, but i did what i could with what i was given, and found you a good example. I hope this helps! Great to be of service to you! ⚔
lazer co. is a u.s. firm that exports computers to belgium invoiced in euros and to italy invoiced in dollars. additionally, lazer co. has a subsidiary in south korea that produces computers and sells them there. lazer also has competitors in different countries. lazer co. is subject to: (lo 8.1) group of answer choices
Answers
Additionally, Lazer Co. has a subsidiary in Korea that produces computers in South Korea and sells them there. Lazer also has competitors in different countries. Lazer Co. is subject to translation exposure.
Translation publicity (also known as translation threat) is the risk that an employer's equities, assets, liabilities, or earnings will alternate in cost because of change fee adjustments. This happens whilst a firm denominates a part of its equities, assets, liabilities, or profits in overseas forex. Transaction publicity arises whilst a business enterprise enters into a transaction regarding overseas foreign money and commits to make or receive payment in foreign money aside from its domestic forex. Translation publicity arises on the stability sheet consolidation date and is on the give-up of a given monetary length (sector or yr). Translation exposure is a form of accounting chance that arises due to fluctuations in forex quotes. converting the values of a overseas subsidiary's holdings into the figure employer's domestic currency can lead to inconsistencies if trade rates trade constantly.
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Lazer Co. is a U.S. firm that exports computers to Belgium invoiced in euros and to Italy invoiced in dollars. Additionally, Lazer Co. has a subsidiary in Korea that produces computers in South Korea and sells them there. Lazer also has competitors in different countries. Lazer Co. is subject to:
a.
transaction exposure.
b.
economic exposure.
c.
translation exposure.
d. all of these
Why is inflation considered an economic problem? please refrain from irrelevant answers.
Answers
Answer: it is an economic problem because it is the devaluation of currency. Meaning that money is worth less than what it was before. (prices will go up
but wages will stay the same)
Explanation: