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JulsSmile [24]
3 years ago
13

The mayor of NYC convinced the Rent Guidelines Board to approve a rent freeze. Landlords complained, but could not change it. Th

is is an example of the a. relationship of the firm to other economic agents. b. relationship of the firm to its competitors. c. relationship of the firm to the employee. d. relationship of the employee to the firm. e. relationship of the employee to the environment.
Business
1 answer:
marin [14]3 years ago
7 0

Relationship of the firm to other economic agents.

Explanation:

Economics is a branch of social science where it shows the relation between the firm as well as other economic agents. The economic agents can interact individually as well as in an aggregate way. An economic agent is referred to as decision maker that can effect the economy at the time of selling, producing, buying. The various examples of economic agents are firm, households, individuals as well as business.

In this context NYC is a firm and the rent guideline boards as well as the landlords are various economic agents. In this context a relationship is shown between the firm and the economic agents.  

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3 years ago
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To perform arbitration, complementary operations (buy and sell) are carried out at the same time and wait for prices to adjust. The arbitration takes advantage of this divergence and obtains a risk-free gain. In other words, the arbitrajista is positioned short (sells) in the market with higher price and long (purchase) in the market with lower price. The benefit would come from the difference between the two markets.

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