Answer:
B
Explanation:
Wages are sticky when earnings do not adjust quickly to changes in the market conditions .In some other situations , the rate of can be too slow compared to the rate of changes in the market. That means that every single time that market prices change , wages remain the same or just have a marginal change.
Factors that trigger sticky wages are unemployment ,and roles of the labor union.
Sticky wages can be useful in the sense that it can explain why market might not reach equilibrium in the short run or even in the long run.
Answer:
yes i guess it is true they are examples
Answer:
Imports create greater competition in the domestic marketplace.
Explanation:
Comparative advantage is defined as the ability of a company to produce goods at a lower opportunity cost than other competitors. They can now sell the goods at lower prices.
If the company in this scenario have competitive advantage in producing electronics then it is xheap for them to produce.
When they export electronics and import again, it can only mean that the imported electronics have a competitive edge that the company wants to take advantage of. For example higher quality than what is available locally.
Answer: GDP price index is 62.5, percentage price level rise is 60%.
Explanation: The GDP price index will be calculated by dividing the 1984 price by the 2000 price and multiplying by 100 thus:
10/16 X 100 = 62.5.
Therefore the GDP price index is 62.5.
To calculated percentage change using the price index, we have:
((100-62.5)/62.5) X 100
= (37.5/62.5) X 100
= 0.6 X 100
= 60%.
We can as well use another method:
((16-10)/10) X 100
= (6/10) X 100
= 0.6 X 100
= 60%
Answer:
A market economy
Explanation:
A market economy is better, since you will have a lot of food to sell, naybe you go higher when its poular around the areas