Government regulation of prices

Assignment Help Business Management
Reference no: EM131213302

The attempts to control the price of gasoline below its equilibrium level in the 1970's led to shortages and long lines at the gas pumps. On the other hand, attempts to support the price of farm products above equilibrium prices has led to large surpluses in the markets for many agricultural products in the U.S. and Europe. Usually attempts to control prices are a response to the view that market prices are not always "fair." Therefore, government regulation of prices is based on equity issues.

Dilemma: markets may not be always "fair," but attempts to interfere with its operation may lead to other problems (Recent examples: Venezuela's economy; toilet paper)*

Please, be rational in your discussion. Explain your position elaborately. Also, in responding to others, do not simply agree or disagree rather provide a constructive feedback.

You are strongly encouraged to use references from other sources to back up your claims. Remember, to cite your work.

Reference no: EM131213302

Questions Cloud

How to restore participating and self-support : In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire d..
How does gene-environment interaction influence personality : What do twin studies show us about the inheritability of personality? What characteristics of temperament are stable over time and contribute to our adult personality? How does the gene-environment interaction influence personality?
Explaining five appropriate substantive audit procedures : Prepare a report of not less than 2000 words explaining five appropriate substantive audit procedures you should perform in relation to the data contained in the inventory files identified above
Day operation as well as developing the capital budget : You are the Administrator of the Radiology Department responsible for the day to day operation as well as developing the capital budget. Your capital budget for fiscal year 2015(July 1, 2014 to June 30, 2015)is $1 million. You have received two capit..
Government regulation of prices : Usually attempts to control prices are a response to the view that market prices are not always "fair." Therefore, government regulation of prices is based on equity issues.
Write an annotation that summarizes the information : Write an annotation that summarizes the information, evaluates if the information is correct, reviews the author's authority on the topic, and describes how the information is related to the topic.
Discuss problems with the early the research done by bsf ltd : Discuss problems with the early the research done by BSF Ltd. Define and discuss the nature of and differences between research and development (R&D). Also, discuss how research and development are accounted for, why the differences, and why firms ..
Problem regarding the operations management : Describe what the term "Operations Management" means and be able to apply it within organizations.
Calculate the lengths of the stubs : At the required frequency, the section is 0.3λ and two stubs are made of the same line. Calculate the lengths of the stubs, if the antenna is connected at A-A.

Reviews

Write a Review

Business Management Questions & Answers

  Explain why the present value of a cash flow stream

Explain why the present value of a cash flow stream and the asset associated therewith; fluctuate in value with the level of interest rates in the capital markets.

  Features you would add to automobile designed for consumers

Describe the new features you would add to an automobile designed for consumers in each of the following generational segments: Baby Boomers, Generation X, Generation Y (Millennials). In what magazines would you advertise to appeal to this target mar..

  Whistle blowers regarded as models of honor and integrity

1.Why are whistle blowers regarded as models of honor and integrity?

  Significance of the growing diversity of human resources

Discuss the significance of the growing diversity of human resources. what challenges does this pose for management?

  Important positions in most foreign subsidiaries

In the Dutch firm Philips, all important positions in most foreign subsidiaries were at one time held by Dutch nationals who were referred to by their non-Dutch colleagues as the Dutch Mafia. This example illustrates a(n):

  Benefits of budgeting

Benefits of Budgeting - Planning- planning offers an organization an advantage to identify possible problems and to develop a course of action to alleviate those problems.

  Create a non-profit organization expense sheet

Create a non-profit organization expense sheet. I have chosen Children Hospital of Orange County (CHOC)

  Company record its expenses incurred to generate the revenue

The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the:

  What are different types of diversity

Explain what is diversity and what are different types of diversity?

  Explain and include key points that you believe resulted

Explain and Include key points that you believe resulted in a positive evaluation of the venture and convinced investors to provide funding.

  Marginal tax rate for the investor

Briefly explain how the imputation tax system works in Australia by providing an example. Assume a 30% corporate tax rate and a 15% marginal tax rate for the investor.

  Classify the specific reasons for these criticisms

Critics of CRAs assert which they are too intrusive, ineffective also unnecessary also which they can cause as many problems as they solve. Classify the specific reasons for these criticisms.

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