Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

You are an economic adviser to Congressman Spoutwell. The Congressman is considering proposing an anti-price gouging law in his state which would take effect after hurricanes. He wants to model the law on the current Florida legislation, which prohibits the sale or rental of essential commodities such as lumber, ice, water or generators at "unconscionable" prices which "grossly exceed" the average price at which the commodity was sold before the hurricane. Congressman Spoutwell asks you, his economic adviser, to provide him with a brief list of pros & cons of the law. "But also," he says, "tell me how you think the proposed law will protect the average citizen; will it help them or hurt them, after a hurricane? Why?" Be sure to use economic reasoning in your response.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91990716
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Management

Explain the relationship between managing diversity and

Explain the relationship between "managing diversity and inclusion" and "diversity training." Which is most effective? Why?

Summarizing obsolete inventoryusing idea for this exercise

Summarizing Obsolete Inventory Using IDEA. For this exercise, your client, Bright IDEAs Inc., has provided you with a listing of inventory as of year end. To analyze the amount of obsolete inventory, as reported by the c ...

Do you all see patient demographics as a critical point for

Do you all see patient demographics as a critical point for health care organizations to consider? Do you all see - possibly - more health screenings being provided to facilitate this process?

Discuss how strategic management differs from

Discuss how Strategic Management differs from Economics Discuss how Strategic Management differs from Business Management

Abc oil change being the only one in this small town has a

ABC Oil Change, being the only one in this small town, has a thriving business. There are customers arriving every 6 minutes. The facility can change oil with a mean service time of 15 minutes and a standard deviation of ...

Recommend the general hiring guidelines and process as a

Recommend the general hiring guidelines and process as a list of minimum of seven steps for a firm to legally current legally flawed process and procedures also add what law or government eight law agency guidelines addr ...

According to research which of the following is considered

According to research, which of the following is considered the most stressful life event?

Discuss the advantages of having and interacting in a

Discuss the advantages of having and interacting in a diverse workplace. Consider the wide range of ideas and perspectives that a range of team members bring to a team, that are of differing ages, ethnic backgrounds and ...

Why should companies furnish her staff or employees with

Why should companies furnish her staff or employees with floating holidays?

Digistar inc is a large corporation that produces a wide

Digistar, Inc., is a large corporation that produces a wide variety of products and services. As a result, it is a tall organization with a product structure. Employees are only expected to report to a single boss. Even ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As