Define product market
Product market: It comprises of final services and goods.
When no goods generate external costs or benefits within their consumption or production and when the income distribution is deemed acceptable, in that case economic efficiency is promoted through: (w) government inte
The Taft-Hartley Act prohibited strikes against the firm over the issue of which of two or more competing unions would symbolize the firm’s employees. These strikes are termed as: (i) Jurisdictional strikes. (ii) Strategic representation strikes
Explain the term Oligopoly? Also explain its Characteristics?
Which of the given lists of taxes or taxed goods is possibly in correct order by most backward-shifted to most forward-shifted: (1) Tobacco, property, payroll, general sales. (2) Land, payroll, property, tobacco. (3) Tobacco, payroll,
The form of discrimination which probably causes the smallest problems for income distribution is: (1) occupational discrimination. (2) human capital discrimination. (3) price discrimination. (4) personal discrimination. (5) employment discrimination.
Marginal cost: It is the change in sum cost by generating one more or less unit of output.
Now Roast chicken dinners replace fried chicken in popularity in this given demonstrated figure. In the short run that profit maximizing firm will charge a price equal to: (w) $12.00. (x) $11.00. (y) $10.00. (y) $9.00. (z) $6.50. Q : Define Marginal rate of transformation Marginal rate of transformation: This is the amount of one good which should be given to generate one additional unit of a second good. This is also termed as marginal opportunity cost.
Marginal rate of transformation: This is the amount of one good which should be given to generate one additional unit of a second good. This is also termed as marginal opportunity cost.
The labor union will not enhance its members' job viewpoints by: (1) Raising worker productivity through apprenticeship. (2) Limiting entry through quotas or high initiation fees. (3) Lobbying for the tariffs on competing the foreign goods. (4) Collectively bargaining
Can someone help me in finding out the right answer from the given options. When it is illegal to need a union membership as the condition of employment for a firm, then the firm: (1) Needs all the employees to sign yellow dog contracts. (2) Can’t sign an agency
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