Answer:
High-tech firms are hiring expensive, sophisticated people who are in high demand compared to fast food franchises and treat them better to avoid losing them to other companies
Explanation:
High-tech firms are hiring expensive, sophisticated people who are in high demand. This brings about a better treatment of their employees because if they do not offer these amenities to employees, they would become employees of other high-tech companies. Individuals with low skill levels do not get high salaries or benefits. They are not in as high demand as highly skilled workers. It is efficient, but many would argue that it is not fair.
Answer:
b. external
Explanation:
When an economical event affects something in an indirect way, it is called an <em>external change</em>. It is expected for the economic recession to affect economic factors of course. However, it is imminent that it affects every-day life among people too. Economic factors directly influence life and habits of the U.S. consumer, as it is common for most economic changes.
Answer:
Since Allitron and Donovan engage in interstate commerce, they are regulated by the Sherman Antitrust Act. They incurred in collusion, which is illegal since they are restraining interstate commerce. Since they are competitors, they are prohibited from simply dividing sales territories, they should instead be competing for who serves them better.
Several punishments can result from this type of behavior:
- the companies can be fined with up to $1 million each
- their upper management can be sent to jail for up to 3 years
- the Department of Justice should take actions that limit this
Answer:
EIA's data for 2020 indicates that total U.S. petroleum production averaged about 18.375 million barrels per day (b/d), which included: crude oil—11.283 million b/d.
Explanation:
We are asked to solve for the excess reserves. There are given values such as:
Checkable deposits = $ 150,000,000
Total reserves = $12,000,000
Required reserve ratio = 8%
Solving for reserve amount, we have:
Reserve amount = 0.08 * $150,000,000 = $ 12,000,000
Solving for the excess:
Excess reserves = $ 12,000,000 - $12,000,000 = $0
The answer is $0.