Answer:
D. Microeconomics is concerned with the fair and equitable distribution of resources among consumers.
Explanation:
Microeconomics is concerned with the study of how households and firms make decisions and how they interact in the market, it studies the behaviour of individuals and firms regarding decisions of how scarce resources are allocated. It is not concerned with the fair and equitable distribution of resources among consumers.
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Answer:
Following are the purpose of the consumer price index (CPI) is given below .
Explanation:
- The Consumer Price Index is to determine the average cost shift across the time payable by the client for the collection of the products and the services.
- Consumer price index is used for the indicator and the inflation as well as the implication, of the financial policy of the Country.
- The main objective of consumer price index is to determining the urban salaried employees as well as the admin staff.
The correct answers to these open questions are the following.
1. Do you think that the business executive who made this statement would be in favor of or against free trade? What makes you think so?
What I think is that times are changing and are very different from the time of "Made in America."
In this modern-time, globalization rules, and free trade are the direct consequence of globalization. Many American companies have decided to go abroad and built fabrics and industrial plants in other countries because in those developing countries they pay low salaries and can get more profits selling their products. American companies have been greedy too.
2. What do you feel about the number of imported items you can buy in stores? How might free trade affect these numbers?
As I mentioned above, it is part of free trade in a globalized world. Yes, the United States imports many things, but let's remember that the US also exports many goods to other countries. So this is call balance, in which countries negotiate to have a balance in trade. Countries export, yes, but they also have to import goods, so all the countries win.
The best example is the free trade agreement called NAFTA, now USMCA, between México, Canada, and the United States.
It would help because everyone would fall in line with the same mentality hope this helps
