4. Explain why economists usually oppose controls on prices. The reason most economists are usually oppose about price controls is that they distort the allocation of resources. Price ceilings‚ which prevent prices from exceeding a certain maximum‚ cause shortages. Price floors‚ which prohibit prices below a certain minimum‚ cause surpluses‚ at least for a time. For example‚ let’s say that the supply and demand for milk and eggs are balanced at the current price‚ and that the government then fixes
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proclamation of what is permitted on the internet‚ the government should lay out clear boundaries for how internet platforms operate and how crimes committed by company or individual will be handled. A concise commandment will unify platforms’ approaches to abiding by laws while protecting individuals. As most of the internet is made up of businesses‚ the government’s priority should be to allow this sector of the economy to run themselves. The government should intervene to protect its citizens and enforce
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example of a positive externality might be that immunization prevents an individual from getting a disease‚ but has the positive effect of the individual not being able to spread the disease to others. A negative externality occurs where consumption or production of a good generates a cost borne by someone outside of the production or consumption of that good. A common example of a negative externality is pollution. For example‚ a steel manufacturing plant might pump pollutants into the air. While
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Grant Me Three Wishes! One Sunday evening while I’m cleaning up my bedroom‚ someone came and knocked on my door. I wondered who was that‚ suddenly a beautiful fairy appeared in front of me. I was so surprised. She told me that I can request anything from her and I reply “Grant me three wishes!” I told her the wishes that I want are: I want to be a rich woman; I wish I can go back to half a year ago and I want to operate a kindergarten. The first wish that I want is to be a rich woman. I came
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1. At what level of government do we find most police resources and activities? Why is this the case? What about for the courts and corrections? Explain. (This is question 2 at the end of Chapter 1). The state and courts control probation and parole that reform and control punishment that are controlled by the courts. The court also control payroll. The state is in control of all prisons. The federal is in control of officers and security. 2. What types of cases might arise in both federal and
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ruled by the pharaoh other people‚ of the hierarchy‚ help rule the government they specialize in different places in the government. pharaoh was considered a god wives of pharaohs were the 2 most powerful after the pharaohs the other leader of the government under the pharaoh was the visier the viziers job was overseer of the land About 1000 years after pyramids came out they began to go out of style because of tomb robberies After this the rulers or pharaohs were hidden away in rock tombs if
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1.1 Why are managers needed in an organization? What is their main goal? Well‚ congratulations on completing the first block of this course – Strategy. We can think on Strategy as a high level plan for achieving firm’s goals under conditions of uncertainty and continuous change. Now‚ what is the connection between Strategy and Management? It is simply the firm’s goals. The role of management is to move and guide firm toward goal accomplishment. During the Strategy block‚ we learned that every company
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Monique Huertas/ 841-12-3258 Maidalidys Alcocer/ 841-12-0117 Joseph Alvarez/ 841-12-0234 Ingl-3104 LI1 Choose safety for life Prof. Serra UPR- Bayamón April 5‚ 2013 Abstract Car safety is the first thing car buyers should be concerned about. In today’s society people only care about technology and how modern they can be forgetting that in a car they are putting their lives in danger and having some knowledge of safety is very important. Basic information about safety
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whether financial markets should regulate or governments should take control over them by making strict regulations. When the word regulation comes‚ its seems very ugly to many people‚ especially when it is associated to managers and stockholders‚ they always see rules or regulations as burden on them imposed by government to damage their efficiency and innovation. But according to me if the financial markets and institutions are controlled by government then it is beneficial for them as well as for
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M1 – Explain in detail the responsibilities of the different levels of government in the UK The central government is responsible for the health and safety of people‚ they provide health and safety by maintaining and improving the quality of the environment. The government also has the power to make laws for the entire country‚ in contrast with local governments. However‚ the Prime Minister (David Cameron) is head of the UK government so he’s responsible for all of the policy and decisions he
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