I would say the duration of unemployment rises. A recession means that for example in the mining industry the prices of metals falls so the result is that often companies cut back on production and lay workers and staff off, or sometimes shut whole mines down completely. So the employers have a harder time to pay their workers because they may not be making a profit anymore. In mining and mineral exploration these recessions or depressions are cyclical in the capitalist system and usually last at least 4-5 years often with no work for mining people.
True customers come first.
Hope this helped :)
-Warning2
The characteristics of a competitive market, and a monopolistically competitive market are:
- Price is equal to marginal cost - competitive market,
- Easy entry and exit - both
- Few sellers - neither
- Homogeneous product - competitive market,
<h3>How are competitive and monopolistically competitive markets related?</h3>
Both competitive and monopolistically competitive markets are easy to enter and exit from but only competitive markets have their pruice equal to their marginal cost.
The goods in a monopolistically competitive market is slightly variated while those in competive markets are homogenous.
Find out more on monopolistically competitive markets at brainly.com/question/25717627
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A. allows you to diversify as opportunities develop.
People will buy at places that are cheap and sell at more expensive prices because:
- The transactions costs would be too high.
- There's little resale market for used Big Macs.
- They would be expensive to transport.
- They're perishable.
<h3>What is transactions cost?</h3>
Transactions cost simply mean the expenses that are incurred when one buys or sells a particular product.
In this case, the above options are the reasons why people are unlikely to buy Big Macs in the places where they are relatively cheap according to purchasing power parity.
Learn more about transactions cost on:
brainly.com/question/1405573