Define open Market operation
Open Market operation: Open Market operations term to the purchase or sale of government securities in an open market by the central bank of country.
Preceding to the AFL-CIO merger in the year1955: (i) The AFL was an alliance of the industrial unions. (ii) The CIO was alliance of the craft unions. (iii) Strikes over which the unions would symbolize workers were common. (iv) The union movement was limited to public
The price elasticity of supply generally evaluates the ratio of relative: (i) Gain to the amounts firms supply at different prices. (ii) Price increase need to induce a firm to raise output. (iii) Change in the quantity supplied to a associative chang
For a gain maximizing competitive firm operating in the competitive labor market, the: (1) Marginal resource cost of the labor is similar to the wage rate. (2) Supply of the labor is perfectly inelastic. (3) Production quota is precisely proportional to the labor hire
After Babble-On’s patents lapsed and entry and exit turned into possible in this illustrated figure of market, in the long run Babble-On would be expected to: (i) continue to reap economic profits. (ii) break even and experience zero economic pr
HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. The level of sales and production at that HoloIMAGine would take in its greatest probable total revenue is: (i) output q3
The bilateral monopoly is in operation when: (i) Firm is the only employer of the certain labor force and a union is just the supplier of the labor for that organization. (ii) The firm is the mere producer of the two complementary goods. (iii) The monopolist sells a g
The purely competitive model: (w) is characteristic of many actual U.S. market structures. (x) analyzes a type of economy which is now extinct. (y) is a helpful abstraction from actuality for analyzing firms’ behavior. (z) proves which modern ca
The two policies that most likely account for most of the trend toward greater income equality during 1929 and 1975 are: (w) improved educational opportunities, and tax and transfer policies. (x) reduced sex discrimination and public availability of b
Purely competitive firms in long-run equilibrium as: (w) should use the most efficient technology available. (x) follow cut throat policies to produce more than society demands. (y) produce output levels where TC = TR = MR = MC = P = AR = AC. (z) have
The Minimum wage laws potentially raise both employment and wages if firms: (i) Have monopsony power in the labor market and don’t wage discriminate. (ii) Practice outsourcing across the international borders as labor costs abroad are lower. (iii) Are pure compe
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