Answer:
substitution and income effects will counteract each other totally
Explanation:
A labor supply curve is an economic analysis tool that shows the number or workers that are available to work or that can work at various wage rates.
The labor supply curve can either be bending backwards or sloping downwards or upward curving but it shows the relationship between labour and wage rates.
A labor supply curve can be affected by factors such as population, changes in social behaviour, opportunities in other markets, among other things.
From the above question, it is seen that a change in wage rate for Anthony from $25 to $29 does not affect his work hours positively of negatively. His work hours is the same despite the increase in hourly wage.
The effect of the Anthony sticking to 40 hours of work despite an increase in wage, which could have served as some motivation for him to put in more hours is his labor curve remains same. An increase in wage has done noting to affect the number of hours he works and as such his income vs work rate counters each other.
Cheers.
It's called perpetual. Perpetual inventory method updates inventory on a regular basis, as opposed to a periodic system, which updates at the end of a period.
The correct answer is (b) importing.
importer is buying products from another country.
<h3>What Exactly Is an Import?</h3>
An import is an item or service purchased in one nation but manufactured in another. The two pillars of global trade are imports and exports. if a nation's imports are more than its exports in value.
Free-trade agreements and a reliance on imports from nations with less expensive labor frequently appear to be the main causes of the reduction in manufacturing jobs in the importing country. Free trade makes it easier to import products and raw materials from regions with less expensive labor costs, which lessens the need for domestically produced items. Between 2000 and 2007, the effects on manufacturing jobs were noticeable, and the Great Recession and the subsequent slow recovery only made matters worse.
To know more about import and export visit:
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Answer:
The correct answer is letter "A": Global strategy.
Explanation:
There are three (3) main approaches used to engage in international businesses: <em>global strategy, multidomestic strategy, </em>and <em>transnational strategy</em>. With the global strategy firms offer the same product or service with few to no modifications everywhere they have a presence. With the multidomestic strategy companies shape their products according to the region of operations. Finally, the transnational strategy is a midterm between the global and multidomestic strategy.
Thus, <em>the easiest approach to implement is the global strategy since it demands a few changes in the company's operations regardless of the region where they conduct businesses.</em>
