Answer:
The expected price level falls., new wage contracts will be negotiated at a lower wage in the market.
Explanation:
In the case when the economy is in the long run equilibrium and the federal government decreased the goods purchase by 50%. So in the long run the expected price level would be decline and the effect on wage bargaining would be that the new wage control would be negotiated at a less wages in the market place
Therefore, the correct option is c
And, the same would be relevant
Answer:
A
Explanation:
Have two years of professional experience
Answer:
The difference is $612
Explanation:
By using the Periodic inventory system Fulbright Corp. calculates its Cost of Sales and Inventory at the end of a certain period. In this case at year end.
FIFO
FIFO assumes that the units to arrive first will be sold first. Meaning inventory will be valued using recent prices.
FIFO inventory = 36 units x $122 = $4,392
LIFO
LIFO assumes that the units to arrive last will be sold first. Meaning that the inventory will be valued using earliest (old) prices.
LIFO inventory = 36 units x $139 = $5,004
Conclusion
Difference = LIFO inventory - FIFO inventory
= $5,004 - $4,392
= $612
Answer: export steel and import wheat
Explanation:
According to the Heckscher-Ohlin model, a country should export the foods and services that it can produce in abundance and also produce efficiently while it imports the one that is less efficiently produced of the two goods being compared.
In this scenario, the two countries in this model are the United States and the Rest of the World; the two goods being produced by each of the countries are steel and wheat; the two factors of production used in producing the goods in each country are capital and land.
Since the United States is capital-abundant and steel production is capital-intensive, this mean that the United States can produce steel more efficiently and in abundance. Therefore, U.S should produce steel and export to other countries while it buys wheat from the rest of the world.
Answer: This is a qualitative research design.
A qualitative research design is usually used when one wants to understand people’s experiences, that are not usually quantifiable.
This research design does not aim to build a model and predict values. Rather, <u>it’s aim is to explore and understand existing experiences. </u>
In a qualitative research design, the researcher decides the hypothesis that needs to be tested even before collecting the data. The researcher then collects the data, analyses it and interprets the results himself.
