Answer:
The answer is C. Some firms exiting the market
Explanation:
When there is a sudden fall in the market demand in a competitive industry(e.g perfect competition) some firms would making economic losses and it is best if they shut down operation and production. Once these happen, they exit the market.
Option A is incorrect . Same as option B.
Option D is also incorrect
Solution :
In the context, it is given Alex and J.J. both are applying for a job openings in a law firm at Chicago. Both of them got the job offer but J.J. got lower salary than Alex. The salaries are different for both J.J and Alex. Some of the possible explanations for the difference in salaries that may be related to some scenarios are :
- Alex went to higher tier law school ---- difference in education
- J.J. is reentering the workforce after two years away --- difference in experiences.
- Alex will be working with a notoriously difficult boss --- compensating differentials.
- Alex is a man and J.J. Is a woman --- economic discrimination.
Answer:
real GDP
Explanation:
The above rule was proposed by Milton Friedman that the money supplied by the central bank be increased by constant percentage on annual basis. In other words, constant money growth rate rule suggested money supply growth rate be equal to GDP growth rate annually.
According to Friedman, monetary policy contributes to fluctuation in an economy. He suggested that the best way to stabilize a fluctuating economy is to allow the central bank increase money supply in the long run by a targeted amount annually irrespective of the situation of the economy.
A cartel differs from a monopoly in that B) businesses making the same product agree to limit production. A cartel is an agreement between producers of goods, usually primary products like oil or natural gas, who work together to set a price at an agreed upon price that is a distortion above of what the market's equilibrium price would be for the good without the cartel's intervention.
Answer:
Champion
Explanation:
Based on the information provided within the question the specialized role being mentioned is a certified Six Sigma Champion. Like mentioned in the question this is a professional who has a vast number of years of experience and is very proficient in understanding and applying Six Sigma Methodology, as well as having the authority and resources need to do so.
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