Competitive market economy will make the needed adjustments
Briefly explain how the competitive market economy will make the needed adjustments to reestablish an efficient allocation of society’s scarce resources?
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They will also be able to pay higher wages and bid workers away from alternative employment. Bagel manufacturing firms will also be willing to pay higher prices for flour and other ingredients. They will be likely to buy additional capital equipment and expand their facilities. Cereal manufacturers will cut production, lay off workers and reduce purchases of materials. They may have to close facilities and offer their used capital equipment and unneeded land for sale at reduced prices.
Studies indicate that married men on average earn more income than unmarried men of the same age?
Illustrate how receipts come from several sources in Federal Finance?
Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu
Distinguish between the resource market and product market in the circular flow model. In what way are businesses and households both sellers and buyers in this model? What are the flows in the circular flow model?
Elucidate state expenditures and receipts for all states in 1998?
Illustrate the Risks involved with bonds?
What do you understand by the term internal rate of return?
Cingular and Alltel involve in aggressive and expensive advertising for cell-phones. A reason for this advertising may be: (1) attempts to increase market share. (2) predatorily drive other firms by the market. (3) to increase the use of cell phones.
What happens to the demand curve when each of these determinants changes?
Problem: Luke likes to consumer CDs (good1) and pizzas (good 2). His preference over both goods is given by the utility function U(x1; x2) = x21
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