New firms entry in industry
What persuades new firms to enter in an industry? Answer: Abnormal profit encourages new firms to enter an industry.
What persuades new firms to enter in an industry?
Answer: Abnormal profit encourages new firms to enter an industry.
Describe unequal burdens of unemployment exist?
Transaction costs are decreased and economic efficiency is enhanced by: (1) long-term wage and price controls. (2) monopolies which cooperate with central planners. (3) blacklists and yellow dog contracts. (4) bureaucratic tendencies
Economic scarcity is pervasive, that makes choices essential. Therefore, rationally optimal decisions hinge upon tradeoffs which essentially reflect: (i) cooperation to minimize human greed. (ii) opportunity costs. (iii) competitive social behavior. (
Adam Smith known three advantages rising from divisions of labor which would lead to greater economic wealth that did not include the concept that the division of labor: (w) helps every worker refine specialized skill
Briefly explain the use of graphs as a way to present economic relationships. What is an inverse relationship?
Describe North American Free Trade Agreement (NAFTA)?
Describe the Functional distribution of income?
Elucidate Reliance on technology and capital goods of the market system?
Explain increased global competition?
Give a brief introduction of the term Control Factor?
18,76,764
1940813 Asked
3,689
Active Tutors
1423888
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!