Answer:
Price of the whiskey would remain unchanged and the existing firms would continue to earn zero economic profit
Explanation:
In a perfectly competitive market, the market comprises of large number of sellers selling homogeneous products. The equilibrium is arrived at by the interaction of forces of market demand and supply and thus no single seller controls the output or influences the price.
The firms represent price takers in such form of markets.
Another major feature of this form of market being free entry and exit of firms which means existing firms can exit and new firms can join as there are no restrictions.
In the long run, firms earn zero economic profits in case of perfect competition.
In the given case, a huge factory of one of the leading producers of alcohol has been destroyed. The market being in long run equilibrium with zero economic profits, it means the incident will not in any way affect pricing and quantity as this will encourage new firms to enter liquor production market selling at lower price which would restore the equilibrium to it's original.
Answer:
Moral courage
Explanation:
Companies can strengthen the MORAL COURAGE of employees by committing themselves to not retaliate against employees who complain about unethical actions.
Moral courage is a term used in describing the readiness of individuals to face real situations or actions solely for appropriateness, regardless of the risk involved or consequences.
Hence, in this case, the correct answer is Moral Courage. Because through moral courage, employees can make complaints about any forms of unethical behavior or actions going on in the company.
Answer:
a. GDP will increase
b. No effect on GDP
c. GDP will increase
d. GDP will increase
e. GDP will rise
Explanation:
Gross domestic product is the total monetary value of all the finished goods produced in the country during a specific period. When a new house is constructed it will create value for the economy and GDP will rise but when an old house is resold again there is no addition in the monetary value so there will be no effect on GDP.
Answer:
may conflict with an organization's legitimate interests.
Explanation:
The right to privacy of an employee may conflict with an organization's legitimate interests.
Right to privacy generally refers an individual's rights that is backed within the context of the law of the country of that individual. In an employee-organization's situation, the right to privacy generally refers to the concept that the employee's private information is shielded from the eyes of the public.
<em>While the right to privacy may not take priority over other moral consideration (take the case of embezzlement of funds in a workplace for examples) and may not be given up in the face of competition, it may also be a bit fuzzy and not clearly spelled out by the law. However, it may sometimes conflict with the legitimate interests of an individual's organization.</em>
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.