at28235

16.10.2020 • 

Business

The government is considering imposing a price floor of $40 in two different health care markets. Assume advocacy groups base their decision-making on the changes in the surplus that affects their side of the market. For instance, as consumer surplus decreases, consumer groups pay lobbyists more to fight the price regulation. As consumer surplus increases, consumer groups pay lobbyists more to support the price regulation. (Producer groups would behave in a similar manner, but would focus on producer surplus.) Which of the following statements is NOT true? a. Consumer advocacy groups would pay lobbyists more in Market B than Market A to fight the price floor.
b. Producer advocacy groups in Market A would pay lobbyists to support the price floor. Producer advocacy groups in Market B would pay lobbyists to fight the price floor.
c. (Ignoring consumer and producer surplus) The number Of equilibrium procedures performed in Market A is affected less than the equilibrium number of procedures in Market B.
d. Consumer surplus would decrease in Market A and Market B after the imposition Of the price floor.

Ответ:

assassin42

12.03.2020

Business

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A) pay raise

Explanation:

When someone gets a pay raise, his/her salary is increased and therefore they will receive more money. This extra monetary compensation is a reward for performing his/her tasks appropriately and effectively.

Pay raises are generally carried out once a year and they are based on two factors:

usually a small general pay raise that applies to all employees, andan individual pay raise (extra) based on the employee's performance

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