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Ugo [173]
3 years ago
6

The market mechanism:_______

Business
1 answer:
mafiozo [28]3 years ago
8 0

Answer:

d. Relies on prices and sales to communicate consumer wants to producers.

Explanation:

Market mechanism also known as free market economy is a market where there are no government control over what the buyers buy and what the sellers sells. Here, there are no regulations to prices of goods and services .

In a market mechanism, decisions on forces of demand and supply are made solely by individuals. Market mechanism are associated with capitalist economies unlike Government controlled markets which are associated with Socialist economies.

Examples of market mechanism are industries, companies, businesses which produces and sells goods and services at the price commensurate with what consumers want to pay . Also, companies are willing and able to pay highest wages and salaries in line with workers demand.

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fficiency wages, minimum-wage laws, and unions all keep wages a. below the equilibrium level, causing a shortage of labor. b. be
Inessa [10]

Answer:

d. above the equilibrium level, causing a surplus of labor.

Explanation:

Market wage equilibrium refers to the ideal wage rate where the labor supply and demand curves intersect. At equilibrium wage, the benefits derived from an extra worker equals the cost associated with the additional worker.

The efficiency wage theory advocates for higher wages to motivate employees to increase production. Minimum wage laws and trades unions negotiate for higher wages above the equilibrium rate. Trade unions will fight to keep the maximum number of employees or their members in employment.

8 0
3 years ago
A population grows with an annual growth rate of 16.3 % per year. (a) what is the monthly growth rate?
zysi [14]
Annual growth rate of population is 16.3%
monthly growth rate = ?
Months in one year = 12
let x be the monthly growth of population.
16.3% = 0.163
1+ 0.163 = 1.163
Now, (1.163)¹/¹² = 1.01266
for monthly growth percent
1.01266 - 1 = 0.01266 = 0.01266 x 100 = 1.266%≈ 1.3%

6 0
4 years ago
Delivering bad news within an organization might involve sharing bad news with your boss or another employee in person or in wri
Alinara [238K]

Answer:

b. prepare and rehearse

Explanation:

In order to be tactful and professional when personally delivering bad news within organizations, you should prepare and rehearse. Before delivering bad news you need to make sure you have gathered all the information from both sides of the story in order to deliver the news tactfully and professionally. Once you have all the information, rehearsing your delivery will allow you to perfect it and implement a more empathetic approach. Taking a partner is also a good choice, as well as waiting for the right moment.

7 0
3 years ago
Which of the following statements is true of a trial​ balance?A.A trial balance has the same format as a balance sheet.B.A trial
seraphim [82]

Answer:

A trial balance presents data in debit and credit format.

Explanation:

There are two sections in the trial balance, called columns of debits and columns of credits. The total columns of debit and credit should always correlate or matched. The debit columns report assets and expenditures side while revenues stockholder equity, and the liability side are reported in the credit column.

4 0
3 years ago
When must you sign a deposit slip?
lesya [120]
I believe the answer is: B. <span>You only need to sign a deposit slip when receiving cash.

Deposit slip would be filled with a list of cash and cash equivalent that you give to bank teller to be added to your bank account.
Most bank provide the services which allow you to take small percentage of your deposited check in the form of cash. When doing this, you need to sign it as a form of authorization.</span><span />
4 0
3 years ago
Read 2 more answers
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