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Why are some goods sold below their cost price?
Some goods are sold below their cost price because the government believe that the good is essential, for example, prescriptions from doctors, we need these so the government have a set price of £9 no matter what the prescription is.
What are the 16 steps or points of the Austrian Theory of the Trade Cycle?
1 decision to lower rates 2. money supply increase 3 demand for capital goods increase 4 pressure the fed to increase money supply 5 malinvestment 6 capital goods boom 7 consumer goods boom 8 economy becomes less liquid 9 bank awareness default rates increase 10 cash crunch 11 inverse field curve banks actually increase rates 12 cluster of errors 13 liquidation 14 deflation 15 banks unable to find able and willing 16 cleansing out process 14
What five factors that influence supply?
The IncomeThe expectations of peopleThe customers' satisfacationThe number of people buying somethingThe price of the productSTORES = Subsidies and TaxesT = TechnologyO = price of Other related goods (jointly Supplied goods)R = Resource costE = Expectation
What is the idea mercantilism?
Merchantilism is a system which believes that best way to protect a nation's prosperity is by the stringent application protectionist measures: 1. That every inch of a country's soil be utilized for agriculture, mining or manufacturing. 2.That all raw materials found in a country be used in domestic manufacture, since finished goods have a higher value than raw materials. 3.That a large, working population be encouraged. 4.That all export of gold and silver is prohibited and all domestic money kept in circulation. 5.That all imports of foreign goods be discouraged as much as possible. 6. That where certain imports are indispensable they be obtained at first hand, in exchange for other domestic goods instead of gold and silver. 7.That as much as possible, imports are confined to raw materials that can be finished [in the home country]. 8. That opportunity is constantly sought for selling a country's surplus manufactures to foreigners, so far as necessary, for gold and silver. 9.That no importation be allowed if such goods are sufficiently and suitably supplied at home. As you can see this is perhaps an attractive proposition for countries with extensive raw materials or with extensive overseas possessions from which they can extract raw materials in exchange for goods.
What is a product that is considered a commodity?
A Commodity Product is any homogenous goods traded in bulk on an exchange. Example: 1.Corn 2.Oats 3.Rough Rice 4.Soybeans 5.Rapeseed 6.Soybean Oil 7.Wheat 8.Milk 9.Cocoa 10.Coffee 11.Cotton 12.Sugar
How many dangerous goods classes are there?
there are 9 class altogethe.
How many classes of dangerous goods are there?
There are nine classes of dangerous goods. These classes are based on the type of hazard presented by the dangerous goods, such as flammable liquids (Class 3), gases (Class 2), toxic substances (Class 6), and so on. Each class has specific regulations and packaging requirements to ensure their safe transportation.
Dry ice and asbestos fall into what hazard class?
Dry ice and asbestos are Hazard Class 9, "Miscellaneous Dangerous Goods."
What are the release dates for Dangerous Minds - 1996 Evolution 1-9?
Dangerous Minds - 1996 Evolution 1-9 was released on: USA: 9 December 1996
When does Dick's Sporting Goods open?
Dick's Sporting Goods HoursMon 9:00am - 9:30pmTue 9:00am - 9:30pmWed 9:00am - 9:30pmThu 9:00am - 9:30pmFri 9:00am - 9:30pmSat 9:00am - 9:30pmSun 10:00am - 7:00pmThese are the hours to the Dick's sporting goods in my area. They may not be the same for the one that you are purchasing from._____In my area it opens at 7:00 am and closes at 10:30.
What is an IMO class?
IMO (International Maritime Organization) Classification is a list of codes that describe the type of dangerous goods within a container. For example, a freight containing toxics gases, the code will be 2.3. There are 9 different classes.
What are the release dates for Dangerous Waters - 2012 1-9?
Dangerous Waters - 2012 1-9 was released on: USA: 5 April 2013
When does dicks sporting goods close?
dicks closes at around nine 00 so get it
What are the release dates for Adventures in Africa No- 9 Dangerous Trails - 1931?
Adventures in Africa No- 9 Dangerous Trails - 1931 was released on: USA: August 1931
What time does modell's Sporting Goods open?
9:00.am
What are the release dates for Hopalong Cassidy - 1952 Dangerous Venture 1-9?
Hopalong Cassidy - 1952 Dangerous Venture 1-9 was released on: USA: 1952
What are the release dates for Ripcord - 1961 Dangerous Night 1-9?
Ripcord - 1961 Dangerous Night 1-9 was released on: USA: 1961 USA: 1961
