What will happen if the government sets the price for rent at point B?
In the diagram above, what will happen if the government sets the price for rent at Point B? There will be a shortage of rental properties.
What role does government regulation serve in business quizlet?
How does the government deal with a budget deficit? Washington D.C. What role does government regulation serve in business? Concerned that the size of the federal debt is stifling economic growth, citizen groups encourage Congress to tackle the issue with meaningful reform to the federal budget.
What actions would the Federal Reserve most likely take to slow inflation?
The Federal Reserve seeks to control inflation by influencing interest rates. When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down.
Which reason best explains the purpose of natural monopolies?
Which reason best explains the purpose of natural monopolies? to ensure efficiency and reliability in production (?) Why does the government create regulatory laws that businesses must follow?
Why are economists against rent control?
Economists argue that rent controls reduce incentives to maintain existing housing or build new housing, leading to a growing mismatch between housing supply and demand and an increase in prices overall.
Are landlords better off as a result of these policies?
Landlords are clearly better off as a result of these two policies: more landlords rent out apartments, and at a higher monthly rent. It is not clear whether tenants are better or worse off. Some tenants who previously could not get apartments can now do so, but at a higher rent.
What role does government regulation serve?
Regulations empower us as consumers to make informed decisions about our health and safety. They give us peace of mind as employees, that our employer’s practices will be fair and that public spaces will be clean and meet the necessary standards.
Why does the government create regulatory laws that businesses must follow?
Why does the government create regulatory laws that businesses must follow? To provide services and protection to citizens.
What measures should be taken to control the inflation?
1. Monetary Measures:
- (a) Credit Control: One of the important monetary measures is monetary policy.
- (b) Demonetisation of Currency:
- (c) Issue of New Currency:
- (a) Reduction in Unnecessary Expenditure:
- (b) Increase in Taxes:
- (c) Increase in Savings:
- (d) Surplus Budgets:
- (e) Public Debt:
How can citizens reduce inflation?
Governments can use wage and price controls to fight inflation, but that can cause recession and job losses. Governments can also employ a contractionary monetary policy to fight inflation by reducing the money supply within an economy via decreased bond prices and increased interest rates.
Why do governments regulate monopolies?
Monopolies always reduce the economic wealth of society in many ways. Hence, governments regulate monopolies with the objective of benefiting societies more than would be the case if the monopolies maximized their profits.
What is a political monopoly?
In economics, a government monopoly or public monopoly is a form of coercive monopoly in which a government agency or government corporation is the sole provider of a particular good or service and competition is prohibited by law. It is a monopoly created by the government.
How much does getting political pre-assessment study cost?
Learn vocabulary, terms, and more with flashcards, games, and other study tools. Home Subjects Explanations Create Study sets, textbooks, questions Log in Sign up Upgrade to remove ads Only $47.88/year Exam: 04.00 Getting Political Pre-Assessment STUDY Flashcards Learn Write Spell Test PLAY Match Gravity Created by dayaneayala
How many terms aalixh in getting political pre-assessment?
04.00 Getting Political Pre-Assessment 15 terms AAlixH 04.04 The Feds Toolbox Quiz 5 terms AAlixH Sets with similar terms 04.00 Getting Political Pre-Assessment
How much does it cost to take the pre-assessment exam?
Only $47.88/year Exam: 04.00 Getting Political Pre-Assessment STUDY Flashcards Learn Write Spell Test PLAY Match Gravity Created by dayaneayala Terms in this set (15) Use this image to answer the following question. In the business cycle phase marked A, economists expect economic growth to slow down