Price ceiling Guías de estudio, Notas de estudios & Resúmenes

what is a narrow definition for price? - Answer- price is the *amount of money* charged for a product or service what is a more broad definition for price? aka price = ________. - Answer- price is the *sum* of all the *values that consumers exchange* for the *benefits of having or using the product* price = SACRIFICE there is a pair of boots sold on Amazon and at Dillard's for $88 with the same tax and no shipping. are they the same price? <-- what question are we really asking here?...

Contracting Officer Unlimited Warrant Board Exam Questions and Answers What is an option? - Answer-An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The us...

5 C's of Borrower Credit - Answer-Character, Capital, Capacity, Collateral, Credit 5 Ds of Role Clarity - Answer-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Abandoned wells - Answer-- physical threat - allowing surface runoff to directly enter an aquifer - permitting cross contamination of different aquifers by a well bore can tell that its running dry - air bubbles in waterline - no water flow - water outages after heavy use - pump does not produce as much water as it us...

Which of the following best defines opportunity cost? CORRECT ANSWER It is the amount of one product that must be given up to produce an additional unit of another product Which of the following explains why a production possibilities curve is often represented as concave (bowed out) from the origin? CORRECT ANSWER Increasing opportunity costs Assume that consumers consider popcorn and pretzels to be substitutes. A significant decrease in the supply of popcorn will affect the pretzel marke...

Suppose that the demand for candy is less elastic than the supply of candy. If a tax is imposed on sellers of candy, which of the following is true? A. Sellers will bear all of the tax burden. B. Sellers will bear a larger share of the tax burden since the tax is imposed on them. C. Sellers will bear a smaller share of the tax burden because supply is more elastic than demand. D. Sellers will bear none of the tax burden. correct answersC Which of the following is a government subsidy? ...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Practice Exam (residential) Exam Questions And Answers Which of the following statements describe a competent real estate professional? A) A real estate professional who agrees to provide services they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform services proficiently C) A real estate professional who places their interests above that of the client's interests D) A real estate professional who performs some due di...

CPCM 17 Exam Questions & Answers 2024/2025 The term used when describing the process of the seller providing a portion of the purchase price to the buyer to induce purchase or to influence future purchases is known as a/an - ANSWERSkickback A contract phrase referring to the condition of property to be sold or leased, and generally pertains to a disclaimer of liability is - ANSWERSas is The cause, motive, price, or impelling influence that induces a contracting party to enter a contra...

ECON 102 Exam 1 Latest Update 100% Pass Economic Analysis People making decisions economic wat of thinking Choices: Costs and Benefits Performing a certain economic action will increase our well-being if the benefits are greater than the costs (choices are the result of scarcity) Self Interest The pursuit of one's own goals (does not always mean increasing one's wealth; could also include prestige, friendship, love, and feeling good) Rationality Assumption The assumption that people do not ...

Which of the following statements describe a competent real estate professional? A) A real estate professional who agrees to provide services they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform services proficiently C) A real estate professional who places their interests above that of the client's interests D) A real estate professional who performs some due diligence activities for clients as time allows - B Which ...