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.
Opportunity costs, which are the values of the: (i) monetary costs of goods and services. (ii) best alternatives sacrificed while choices are made. (iii) minimal budgets of families upon welfare. (iv) hidden charges passed upon to consumers. (v) exorb
Briefly explain the term Earnings per share (or EPS)?
Elucidate: Competition and the “Invisible Hand”?
Provide some sources of not tax revenue? Answer: Escheat, income from public enterprises, special assessment, fees and fines and so on.
Intermediaries do not classically: (w) reduce transaction costs. (x) absorb risk. (y) try to make profits. (z) cause prices to be more volatile. I need a good answer on the topic of Economic problems. Please give m
Illustrate the Optimal or best product-mix and also Law of increasing opportunity costs?
Studies indicate that married men on average earn more income than unmarried men of the same age?
Write short note on Markets?
What happens in the resource markets?
Explain the statement: “Good economic policy requires good economic theory.”?
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