The situation described refers to an economic imbalance.
Economic imbalance is an economic term that refers to:
- The scenarios in which an economy does not show an equilibrium between two magnitudes that belong to it. For example:
The economic imbalance commonly occurs when the supply of a product or service and its demand are not balanced, on the contrary, they suffer variations that alter the market equilibrium.
According to the above, Georgina experienced this phenomenon (economic imbalance) with her idea of selling cupcakes at her school because the supply (12 cupcakes) greatly exceeded the demand for cupcakes from her schoolmates (3 cupcakes).
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1. Respectful treatment of all employees at all levels
2. Trust between employees and senior management
3. Job security
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Answer: both productive and allocative efficiency.
Explanation:
A purely competitive market, is a market where there are large numbers of firms which produces standardized product. The prices of the goods in the market are determined by the consumer demand and no supplier can influence the market price.
After long-run adjustments, a purely competitive market achieves both productive and allocative efficiency. This is due to the fact that the average variable cost will be minimized and thenoruce that's charged will be equal to the marginal cost.
Answer:
The correct option is B
Explanation:
The salutation is the greeting which is to be mentioned at the starting of the cover letter, and it is involved in a resume, when the person is applying for a job. When the person is writing a cover letter or either sending a email message in order to apply for the job.
It is vital to involve a right as well as an appropriate greeting at the starting so that set the tone for the letter, that is should be appropriate as well as professional.
The salutation or the greeting which is to be used when writing the cover letter is Dear the name of the employer or the person (for example, Dear Mr Jones, Mr Brown).
