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Flauer [41]
4 years ago
12

Which group of economists believed that economic downturns were self-correcting, that is the forces of supply and demand would n

aturally bring the economy back to equilibrium?
Business
1 answer:
kiruha [24]4 years ago
4 0

<span>The Say's law that associates the demand and supply in an economy actually applies to masses and not to single goods and commodities. Classical economists believe that the commodities markets will also always be in equilibrium because of flexible prices. If the supply is high and there is insufficient demand for it, it is a provisional situation. The prices for the commodity in question, drop, to associate the demand and supply and bring the situation back to equilibrium. How does this work? Well, what would you do if you had a commodity that you needed to sell but weren't able to secure a buyer. You'd obviously decrease the prices step by step, in a trial and error manner and finally reach a price that might lure a buyer to buy. It is a similar case with the aggregate demand and supply, according to the classical theorists.</span>

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Its in the body o

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3 years ago
Although New York State is second only to Washington State in production of​ apples, its production has been declining during
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Answer:

1. Increase in number of orchards

2. Increase in housing prices

Explanation:

1. What effect is the new diet likely to have on the number of apple orchards within 100 miles of New York City?

There is going to be increased demand for apples due to this new diet and this increase in demand is going to bring about a hike in the price for apples. This price increase would make business to be viable for these apple farmers. More people would want to own orchards just to make money out of the boom in apples. Because apple farming now seems to be more profitable than other activities. <u><em>So this would cause the number of apple orchards that are within 100 miles of new york city to increase.</em></u>

2.  What effect is the diet likely to have on housing prices in New York City?

  • There would be an increase in housing prices in New york city as farmers would rather be planting apples on these lands instead of sellng them to developers for building houses. There would be a decrease in the supply of housing in New york.
4 0
3 years ago
You are the newly assigned project manager to a major IT upgrade project in your global company. How will you determine the risk
kap26 [50]

Answer:

I have to identify the risk factors in the project and then gauge the willingness of the company to take such risks.

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Risk tolerance is the willingness of an organization or an individual to take certain risks. The risk tolerance level of a person or organization can be classified as either high or low. For a project manager who wants to determine the risk tolerances associated with his project, he has to first identify the risk factors, and then try to know the risk level and if indeed this level is acceptable within the organization's culture and standard.

The project manager would do well to plot a graph that would show the probability of a risky action happening or not. A risk tolerance line is now obtained from where the project manager can know if that risk is tolerable by organization standards. The extent of job security would also help in determining the amount of risk a manager can take. However, they are still expected to stay within the standards of the organization.

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In California, Arthur wants to personally place business with RTS Insurance Company who is a nonadmitted carrier. The only way A
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3 years ago
Which of the following statements best explains why the red bar goes up when the blue goes up?
vesna_86 [32]

<u>Answer: </u>Higher spending than taxing results in a deficit, which contributes to more debt.

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Here the red bar is referred to the debt and the blue bar is referred to the spending. When the government spending is more it decreases the government revenue and creates a deficit in the funds. When there is deficit it means the government borrows funds for spending which increases the debts.

Government spending to improve the status of the economy in the country. It Invests is various activities for growth and development purpose. Only on collecting high taxes the revenue of the government will increase. When taxes collected are low the government revenue is also low.

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