Explanation:
The main characteristics of modern organizations are the focus on people and diversity. These characteristics are impacted by globalization and new technologies, which caused organizations to expand their business to other countries, so it was necessary to adapt the organizational culture, with ethical values that promote cultural diversity and plurality due to globalization.
Human capital is highly valued in today's organizations because the market is extremely competitive and the biggest differentiation is through ideas, innovation, productivity and job satisfaction.
Organizational changes come from economic, social changes that dynamize business and make them geared towards adapting to meet the new forms of consumption demanded by society.
Answer:
a. If policymakers wish to prevent the equilibrium price level from changing in response to the oil price increase, they should decrease the quantity of money in circulation because that will put a check on demand of oil in the market which will prevent the equilibrium price rise.
b. If policy makers wish to prevent equilibrium real GDP from changing in response to the oil price increase then the key is to control inflation.In order to do that, money circulation should be decreased so that the demand of oil could lower down and inflation remains in check.
c.Yes, it is possible to stabilize both the price level and real GDP simultaneously in short run because firms possess fixed factors like prices and capital and other factors of production.If policymakers need to stabilize prices and real GDP then inflation should be controlled by decreasing money circulation quantity so that other fixed factors of production firms like capital or wages could be used in order to keep the prices stable for short term.
Computer Chips are very small pieces of semiconducting material that contain integrated circuits.
Answer:
a. zero.
Explanation:
Willingness to pay is the highest price a consumer is willing to pay for a good or service.
Consumer surplus is the difference between the willingness to pay and the price of a good or service.
If willingness to pay is equal to price, consumer surplus is zero.
If willingness to pay is greater than price, consumer surplus is postive and the consumer would purchase the product.
If willingness to pay is less than price, consumer surplus is negative and the consumer would not purchase the product.