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- Discuss the type of price floor that can be implemented by a government to protect vulnerable labour in a country from being exploited?Why does control of prices of some commodities by the government become inevitable? Need a full explanation.Discuss the type of price control that can be implemented by a government to protect vulnerable labour in a country from being exploited. Use the aid of a diagram.
- Under rent control, bribery is a potential mechanism toWith rent-controlled, why do landlords not want to put more investments into their old buildings with such great views as New York?An alternative way of thinking about the forces that cause markets to equlibrate in the real world is to think of markets reallocating the good from low to high valued use. Or to think of how the action of buyers and sellers engaging in mutually beneficial voluntary exchange (market forces) reallocates legal ownership or the physical location of the good from low to high valued used. When a unit of a good is sold, that means the value the seller places on the good is lower than the value the buyer places on the good. After the sale has taken place, the ownership of the good has been transferred from a person who has a low value to a person with a high value. This is called a reallocation from low to high valued use. Sometimes this reallocation involves a physical movement of the good rather than a transfer of legal ownership. The good is transported from an area where the price of the good is low to an area where the price of the good is higher. This is also called a reallocation from…
- An alternative way of thinking about the forces that cause markets to equlibrate in the real world is to think of markets reallocating the good from low to high valued use. Or to think of how the action of buyers and sellers engaging in mutually beneficial voluntary exchange (market forces) reallocates legal ownership or the physical location of the good from low to high valued used. When a unit of a good is sold, that means the value the seller places on the good is lower than the value the buyer places on the good. After the sale has taken place, the ownership of the good has been transferred from a person who has a low value to a person with a high value. This is called a reallocation from low to high valued use. Sometimes this reallocation involves a physical movement of the good rather than a transfer of legal ownership. The good is transported from an area where the price of the good is low to an area where the price of the good is higher. This is also called a reallocation from…When policymakers set controls on prices, they obscure the signals that guide the allocation of society’s resources. Further, price controls often hurt those they are trying to help. Select one: a.False b.TrueSenator Ernest Hollings once wrote that "consumers do not benefit from lower-priced imports. Glance through some mail-order catalogs and you'll see that consumers pay exactly the same price for clothing whether it is U.S.-made or imported."Is the statement that the Senator made a true statement or a false statement? True False
- When did Price-Fixing start in the Philippines? When did it stop and what act or law stopped it. Give companies in the Philippines that were fined for price-fixing.Explain why economists usually oppose controls on prices.Which of the following is a general sustain downward moment of prices for goods and service in an economy? Which of the following is a common criticism of government price controls?