Suppose that a hurricane hits both North Carolina and South Carolina. North Carolina has severe price-gouging laws in place while South Carolina has none. Both states have a shortage of ice. Which state will recover from its ice shortage more quickly?
a. North Carolina will recover more quickly because the anti-gouging laws create incentives to invest in ice production.
b. North Carolina will recover more quickly because prices can adjust to make businesses willing to invest in ice production.
c. South Carolina will recover more quickly because the anti-gouging laws create incentives to invest in ice production.
d. South Carolina will recover more quickly because prices can adjust to make businesses willing to invest in ice production.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that a hurricane hits both North Carolina and South Carolina. North Carolina has severe price-gouging laws in place while South ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following actions does not promote capital deepening? a.) low population growth rate at the same time that capital stock expands; b.) saving less and spending more of one's disposable income; c.
Answers (1)
Indirect costs occur when A. resources are shared by more than one product or service. B. costs are directly traced to products or services. C. controllable costs are incurred by cost objectives. D. All of these answer choices are correct.
Answers (1)
Basile Enterprises owns machinery with a book value of $467,000. The machinery is expected to generate future net cash flows of $525,000. The machinery has a fair value of $416,000. Basile should recognize a loss on impairment of
Answers (1)
On average, a person with a bachelor's degree earns a person with a master's degree and than a person with a PhD.
Answers (2)
What are 6 mistakes that can be made during an interview?
Answers (1)
New Questions in Business
On January 1, 2015 Outback Subaru Limited, a Subaru dealership in Alice Springs, sold 2 cars to the town for $50,000 total. Outback had paid $37,000 to purchase the cars. The town was granted credit terms and permitted to pay in 30 days.
Answers (1)
How much money has to be invested at 3.3% interest compounded continuously to have $45,000 after 19 years?
Answers (1)
Which of the following statements is NOT true? A. The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage. B.
Answers (1)
An employer who fires an, at will employee in a public and humiliating manner may be liable to the employee for intentional infliction of emotional distress. a. True b. False
Answers (1)
Hosha exchanges all of her leaf stock for petal stock plus $5,000 cash. the exchange is pursuant to a tax-free reorganization. hosha paid $25,000 for the leaf stock five years ago. the petal stock received by hosha has an $18,000 fair market value.
Answers (1)