Government attempts to control the apartment rent and not the price of the houses because, the low and middle income people who look for rented apartments as they cannot afford to buy a house. Generally, the rich people who have high purchasing power buy a house.
why do you think governments frequentlg attempt to control apartment renta but not house prices?
Why do you think governments frequently attempt to control apartment rents but not house prices?
Why do most economists oppose attempts to control prices? Why does the government attempt to control prices anyway in a number of markets?
Discuss the reasons why governments sometimes choose to control prices.
Discuss the reasons why governments sometimes choose to control prices.
1. Why do economists oppose attempts to control prices? Why does the government attempt to control prices anyway in a number of markets? 2. Does a binding pricing ceiling cause a shortage or a surplus? Does a non-binding price floor cause a shortage or surplus? Provide an example to support your example for each of the problems above. 3. Does cost-benefit analysis apply to public goods only? If yes, why? If not, name situations in which economists would use cost-benefit...
Look around your house or apartment and find an item that you would consider elastic, find another item you think may be unit elastic and another that you would consider inelastic. Using the reading as to support your ideas, discuss why you think the items have the relative elasticity that they do.
Why do you think it is important that prices are flexible in our economy? Do you think they reflect the true price of what buyers and sellers are asking in the market? Also, identify one product that has changed in price and identify if it is a determinant of supply or demand to explain the price change that has occurred.
wk 5-2 please explain and provide examples How do governments attempt to control foreign businesses operating within their borders? When U.S. companies do business in other countries, what issues do they face? Describe the responsibilities and ethical concerns that you feel are important for U.S. companies to consider when doing business in other countries
Improved technology typically results in lower prices for most products. Why do you think this is true? Describe a market or industry where technological changes have led to cheaper prices. Do you believe technological changes always lead to cheaper prices, why or why not? Provide examples.
What do you think are some of the economic goals of good governments? Do you think they can be achieved or at least impacted through budgeting? Explain.