Discuss this economic reason for this situation

Assignment Help Business Economics
Reference no: EM13742840

In the ‘Classico’ Region within Tuscany, all producers of Chianti wine must submit their wines to a government inspection process which certifies that only grapes grown in the Classic region have been used in the wine. All wines which pass this test have a label fixed around the bottle neck (usually with a black rooster on it) guaranteeing the geographic origin of the grapes used in the wine. (D.O.C.G.). Discuss this economic reason for this situation. Who benefits from this labeling requirement for wines grown in this region?

Reference no: EM13742840

Questions Cloud

Create an implementation plan to integrate business : Create an implementation plan to integrate business analytics into your organization. Create a backup proposal in case management does not approve your initial proposal. The backup proposal should have at least 3 changes different from the origina..
Analyze the influence that legal issues and ethics : Evaluate the planning function of management as it relates to the organization's goals and strategies. Use steps in the specific formal planning process outlined in the text.
Test is whether a particular regression coefficient : In multiple regression analysis, explain why the typical hypothesis that analysts want to test is whether a particular regression coefficient ( B) is equal to zero ( H0: B 0) versus whether that coefficient is not equal to zero ( H1: B 0).
What are the risk factors : You have been asked to talk with a community group about risk factors for development of hypertension. What are the risk factors? What can you teach this group about actions that can be taken to reduce risk factors
Discuss this economic reason for this situation : In the ‘Classico’ Region within Tuscany, all producers of Chianti wine must submit their wines to a government inspection process which certifies that only grapes grown in the Classic region have been used in the wine. All wines which pass this test ..
What is the function of a lenticel : What is the function of a lenticel, How are intercellular spaces important for this function and Include a picture of a stem and label the nodes, internodes, apical meristems, leaf buds, and flower buds
Panel data fixed effects regression model : Consider the following panel data fixed effects regression model: Yit = B0 + B1Xit + Y2D2+ Y3D3i + +...Y4Dni + eit
Explain the role capitalism plays in corporate : Explain the role capitalism plays in corporate decision-making. Discuss if you believe it is possible for a company to cater to both its best interest and that of the consumer conjointly or if one always has to prevail. Justify your response.
Incremental costs for the special order decision : 1. Costs that do not increase or decrease due to a special order are never considered incremental costs for the special order decision.

Reviews

Write a Review

Business Economics Questions & Answers

  How much medicare tax did she pay

How much Medicare Tax did she pay? What is her marginal tax rateon her federal personal income tax? Details are related to the U.S.

  Type of performance measurement based process

Which of the following terms describes a phenomenon whereby individuals ignore their own information about the best course of action and instead simply do what everyone else is doing? What type of performance measurement based process was used to det..

  Determine total project completion time and critical path

determine total project completion time and critical path for installing electrical wiring and equipment in residential houses. In addition, determine ES, EF, LS, LF and slack for each activity.

  Identify changes in market conditions

Identify changes in market conditions and their effect on equilibrium price and quantity for the following events:

  Was this necessarily an economically efficient move

And within a few months, they reduced the amount of scrap to $7,000 worth [per year]." Was this necessarily an economically efficient move? Explain your answer.

  Why does a teacher earn less than a firefighter

Why does a teacher earn less than a firefighter? Why does a union electrician earn less than a non-union electrician?

  Additional capital gains for company

PbP Company have pay $10,000 to disassemble and ship the furnace to the new owner. What is the net cash flow after tax as it will result from selling this furnace in the year 2012.

  Describe the short-run impact that economic fluctuations

Describe the short-run impact that economic fluctuations and growth (or lack thereof) have had on aggregate supply, aggregate demand, output, unemployment, and inflation.

  If a perfectly competitive firm is a price taker

If a perfectly competitive firm is a price taker, then

  Required rate of return on the bond

What is the value of a 10 percent annual coupon, $1,000 par value bond with 20 years to maturity if the required rate of return on the bond is 12 percent?

  Q1 explain how does an increase in transport costs change

q1. explain how does an increase in transport costs change the gains from trade in melitzs 2003 model? are the effects

  Identify opportunity cost of increase divestment

Identify opportunity cost of increase divestment. What will happen to future production possibilities if investment increases.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd