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umka21 [38]
3 years ago
13

How do the decisions you make as a consumer affect people all over the world?

Business
2 answers:
skad [1K]3 years ago
6 0

Answer:

As a consumer I can influence the economy in different ways. When buying certain product or service, I am signaling that I like that certain product so producer will produce more of that product. In addition, it can help producers to make same but better product, when they see that consumers on the market like it. It also sends the signal to other producers that their product is not as good as competitors. Reason for that can be quality or price, so they will try to change something to stay competitive on the market. In addition to this, the consumer can join private organizations, interest groups, and lobby, influence public officials to vote according to the wishes of that group. In other words, with interest groups, consumers can push their agenda.  

White raven [17]3 years ago
6 0

Answer:

As a consumer I can influence economy is different ways. ... In addition it can help producers to make same but better product, when they see that consumers on the market like it. It also sends the signal to other producers that their product is not as good as competitors.

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An employer hiring in a competitive labor market should hire additional labor as long as Multiple Choice the wage rate is less t
KATRIN_1 [288]

The correct answer is-  the MRP exceeds the wage rate.

<h3>How does MRP influence wage rates?</h3>

Basic economic theory suggests that wages depend on a worker's marginal revenue product MRP. (this is basically the value that they add to the firm which employs them.)

MRP is determined by two factors: MPP – Marginal physical product – the productivity of a worker.

<h3>What factors increase wages?</h3><h3>Productivity:</h3>

Wage increase is sometimes associated with increase in productivity.

Workers may also be offered additional bonus, etc., if productivity increases beyond a certain level.

Learn more about MRP and wage here:

<h3>brainly.com/question/21252933</h3><h3 /><h3>#SPJ4</h3>
6 0
1 year ago
Brazil, Russia, India, China, and South Africa, also known as BRICS, are emerging countries poised to be dominant economic playe
USPshnik [31]

Answer:

Major challenges are wars and conflicts, reduced investments and reduced trade is hindering the economic development.

Explanation:

  • The BRICS economy is in the major economy in the world. It has an economy of manufacturing, services, and raw materials.  The contribution of the BRCS economy is bout 30% of the world economy as of 2014.
8 0
3 years ago
If the M1 multiplier is 3 and the Fed engages in open-market purchases in the amount of $3 billion, then monetary base will Grou
zavuch27 [327]

Answer:

A

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In this exercise, the Fed engages in open-market purchases, which means that the Fed expands the amount of money in the banking system. Therefore the monetary base will increase by an amount equal to the amount of open-market purchases.

So monetary base will increase by $3 billion.

7 0
3 years ago
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3 years ago
Which of the following statements regarding special journals is not true? a. Special journals provide a specialized format for r
den301095 [7]

Answer:

The correct answer is

c. The balances in a special journal must always reconcile to the general ledger.

good luck

4 0
3 years ago
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