In a market with an upward sloping supply curve and a downward sloping demand curve, a price floor creates a deadweight loss.
A market is a system, institution, process, social relationship, or infrastructure configuration that parties exchange. Although parties can exchange goods and services through barter, most markets rely on sellers offering goods and services to buyers in exchange for money.
A market is a place where buyers and sellers meet to facilitate the exchange or trade of goods and services. A marketplace can be physical, like a retail store, or virtual, like an e-merchant. Other examples include illegal markets, auction markets, and financial markets.
The structure of the economic market can be divided into four categories: perfect competition, monopolistic competition, oligopoly and monopoly.
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If materials listed, perhaps the chemicals in them, safety precautions, etc.
Answer:
A) Operating expenses are increased
Explanation:
when the wages are subsequently paid, the liability account is not affected as well as the cash account, retained earnings is not affected and also the operating income is not affected.
Therefore, The operating expenses have to increase as the wages count towards operating expenses.
Answer: The options are given below:
A. an increase in aggregate demand
B. an increase in national income
C. an increase in gross domestic product
D. decrease in the general price level
E. a decrease in employment
The answer is E. A decrease in employment.
Explanation: Contractionary Supply shock refers to a decrease in aggregate demand, thereby resulting in a decrease in both the price level and real Gross Domestic Product (GDP).
When this event occurs, the economy will enter into a recessionary gap which will lead to an underutilization of factors of production.
This will therefore lead to point whereby the demand for labor and input materials will be so low, and eventual laying off of workers, and in this situation, the workers will be willing to work for less wages and input prices will fall.
Answer:
B. A condition precedent
Explanation:
A condition precedent refers to an event i.e. needed prior something else would arise. It is an event that must arrise until its non-occurence would be excused prior performing under a contract treated to be due i.e. prior any type of contractual duty would be existed
So according to the given situation, it is a condition precedent
Therefore the option b is correct