Currency I think. It's given in exchange for an item.
Thomas Robert Malthus is the economist who supported it the most
Answer:
The correct answer is letter "A": Beer prices will go down.
Explanation:
Usually, when two large companies merge they take most or almost all part of their market causing a monopoly. This implies the recently-merged company to set the price of the goods according to what they believe is suitable which does not necessarily match with the consumers' expectations. However, for the companies in the case to prove the government that the merger will benefit the economy, they must show that the price of the beer will go down which is the opposite of what is expected under other regular situations.
Answer:
C. Bluestone Properties is permitted to charge a rent of $2,350 for 2-bedroom apartments that would rent for $2,500 in an unregulated market.
Explanation:
Rent ceiling is a form of price control which is known as price ceiling.
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
Rent ceiling increases consumer surplus and reduces Producer surplus.
Rent ceiling can lead to shortage of houses and emergence of black market.
Price ceiling is binding when it is set below equilibrium price.
I hope my answer helps you
Answer:
A. $1.5 trillion and $2.5 trillion, respectively
Explanation:
Given that
GDP = 11 Trillion
Tax = 2.5trillion
C = 7 trillion
Recall that
Private Savings = Disposable Income - Consumption
Disposable income = GDP - Tax
= 11 - 2.5
= 8.5
Private savings = 8.5 - 7
= 1.5 trillion.
National Savings = Private Savings + Budget balance
Given that
Budget balance = 1 trillion
Therefore,
National Savings = 1.5 + 1
= 2.5 trillion.