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natulia [17]
3 years ago
15

Last year Canada’s economy had a surge in exports and increased demand for additional economic outputs. Because of the great dem

and, industry’s now have a labor shortage and wages have begun to rise. If you are looking at Canada’s macroeconomy through the lense of a neoclassical economic understanding, what you will expect to see over time?
Business
1 answer:
Artyom0805 [142]3 years ago
6 0

Answer:

Neoclassic economists believe that both wages and prices are sticky (hard to change) only  int he short run. In the long run, both prices and wages will adjust to new economic conditions.

In this particular case, neoclassic economists will predict that even though wages are starting to rise, in the long run the equilibrium wage will be higher.

Long run and short run are economic concepts that do not refer to a given time period, e.g. long term in accounting means more than 1 year, but long run in economics may take years to come.

Long run refers to the amount of time it takes for an economic variable to adjust to economic changes.

If Canada's increase in labor costs is paired with an increase in productivity (usually new technologies), then the economy should be able to grow since private consumption and investment will increase due to higher wages.

Explanation:

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John Montgomery Ward founded the first baseball players union to fight what practice(s) by baseball team owners? A. Salary caps
cestrela7 [59]

Answer:

D. All of these are correct

Explanation:

John ohn Montgomery Ward was a first sports player who is a professional and baseball league.

Here the practices that should be considered by basketball team owners are as follows

a. Salary caps

b. Profit sharing is not considered

c. Reserve system of basketball

Hence, the correct option is D

Thus, all the options are correct

8 0
3 years ago
Carl's monthly take-home pay is $2000, and his monthly rent is $500. if both his monthly take-home pay and his rent increase by
sleet_krkn [62]
5% if I am correct please tell me if I am! Thank you!
4 0
3 years ago
Read 2 more answers
What effect does the availability of many substitutes have on the elasticity of demand for a good?
zepelin [54]
The availability of many substitutes increases the elasticity of demand for a good. With the presence of substitutes the consumer has more options to seek out if there are price changes, therefore, the consumer is highly responsive to price changes and thus the elasticity of the demand curve is higher if there are many substitutes. 
4 0
3 years ago
Helen’s Heating and Air (HHA) wants to encourage interest in their new smart refrigerators. They know that WidgetCo also sells s
Novay_Z [31]

Helen’s Heating and Air (HHA) wants to encourage interest in their new smart refrigerators. They know that WidgetCo also sells smart refrigerators. HHA’s marketing manager creates the broad match keyword "refrigerator," and adds "WidgetCo" as a negative keyword. The  two searches may prompt the ad are

  • Smart refrigerator reviews
  • Energy-efficient fridge

Explanation:

Since Helen’s Heating and Air has added “WidgetCo” as a negative keyword, the ad won’t be shown on any term that has that negative term anywhere in keyword.

When selecting negative keywords for search campaigns, we need to look for search terms that are similar to the used keywords, but they might show results  in  customers searching for a different product.

For a successful  search campaigns, one should  use broad match, phrase match, or exact match negative keywords.

7 0
3 years ago
A "universal product code" (upc): 1. was required by the federal fair packaging and labeling act. 2. slows down the retail check
kkurt [141]
<span>5. Identifies a product with a mark which can be "read" by electronic scanners. UPC is a machine scannable bar code that's used in the United States, Canada, United Kingdom, and many other countries for tracking items in stores. The very first UPC marked item scanned at a retail checkout was a10-pack of Wrigley's Juicy Fruit chewing gum on June 26, 1974. This item was put on display in the Smithsonian National Museum of American History in Washington, D.C. With that in mind, let's look at the options and see what does or does not make sense. 1. Was required by the federal fair packaging and labeling act. * Since this act requires "consumer commodities" to be labeled with their identity, name & place of manufacturer, and its quantity, this is far more information than a 10 digit code can encode. So this answer is wrong. 2. Slows down the retail checkout process. * If the UPC code slowed things down, that would increase the cost to the retailers for no gain. In fact, the use of the UPC has reduced checkout times and has improved accuracy. So this choice is also wrong. 3. All of the above are true. * Since the above 2 are wrong, so is this. 4. Involves placing the price per ounce on or near the product. * The UPC identified what the item is. The price doesn't appear on the UPC. So this too, is wrong. 5. Identifies a product with a mark which can be "read" by electronic scanners. * This is exactly what the code does. So this is the correct choice.</span>
3 0
3 years ago
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