Prices What is the most important role of prices in an economy? Do prices need to be flexible to fulfill that role or could they be fixed (controlled)?

Prices What is the most important role of prices in an economy? Do prices need to be flexible to fulfill that role or could they be fixed (controlled)? What are consequences when prices cannot fulfill that role?

Expert Solution

Rahul Sunny answered 2 years ago

Explain why it is important that prices are flexible in our economy? What are the implications...

Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying? When you make your initial post, please fully answer the question and make substantive responses - i.e. at least 400 words that really dive into the topic and show that you've read the text and done research to support your opinions. Apply appropriate examples that illustrate your points - feel...

Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?

Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying? add your reference

Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?

Analyze why it is important that prices are flexible in our economy. Explain why a shortage...

Analyze why it is important that prices are flexible in our economy. Explain why a shortage might be present at a store and how would a manager be able to solve for this problem.

What is the most important role of a manager and why? What key decisions do managers...

What is the most important role of a manager and why? What key decisions do managers make to reinforce their effectiveness in that role? Please provide real life examples or draw upon managerial examples you admire from your research or readings.

do you think the mainstream media is biased or do they fulfill the role as governmental...

do you think the mainstream media is biased or do they fulfill the role as governmental watchdog in a neutral manner as possible.

Suppose you live in a small open economy with flexible prices and a flexible exchange rate....

Suppose you live in a small open economy with flexible prices and a flexible exchange rate. A) Suppose that the world interest rate rises. What is the effect of this change on the exchange rate and investment? B) The citizens of your country like to travel abroad. Would the change in the world interest rates affect their cost of spending abroad? C) Suppose that the introduction of more cash machines (in domestic) reduces demand for money (in domestic). Explain how...

What do you consider to be the most important aspect of the Conferance Resident Assistants role...

What do you consider to be the most important aspect of the Conferance Resident Assistants role and why ? (300 words)

Fixed Exchange Rates and the Trilemma. what do you find most important to remember from this...

Fixed Exchange Rates and the Trilemma. what do you find most important to remember from this part of theory? write your answer in a few sentences.

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Prices What is the most important role of prices in an economy? Do prices need to be flexible to fulfill that role or could they be fixed (controlled)?

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Explain why it is important that prices are flexible in our economy? What are the implications...

Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy?

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