Answer:
monopolistic elements in the economy prevent immediate and sharp price declines in response to falling demand.
Explanation:
Keynes believed that the elements of the monopolistic in the economy should protect the instant and the fall in the share price with respect to the decline in the demand. That means when there is a fall in the price so the demand is also falls with regard to the elements of the monopolistic
Therefore as per the given situation, the 2nd option is correct
Answer:
$1.47
Explanation:
Interest rate in foreign currency if=7%
Interest rate in local currency ih=5%
Spot rate (So)-dollars per unit of foreign currency=$1.5
Change in foregin currency exchange rate ef=((1+ih)/(1+if))-1
ef=(1+.05/1+.07)-1=-1.86%
Future spot rate (St)=So(1+ef)=1.5(1-.0186)=$1.47
Answer:
14,500
Explanation:
Given that,
Direct materials requisitioned = 2,500
Direct labor used = 4,000
Additional direct material needed = 3,000
Additional direct labor needed = 6,500
Balance in the work in process on September:
= Direct material + Direct labor - Manufacturing overhead applied
= 2,500 + 4,000 + (4,000 × 200%)
= 14,500
Agreed to work together to control the price of domestic steel.
The chief executive officers of the major U.S. steel makers would most likely be prosecuted under the antitrust laws if they agreed to work together to control the price of domestic steel.
<h3>What are the objectives of antitrust law?</h3>
The Sherman Act, the nation's first antitrust statute, was enacted by Congress in 1890 as a "comprehensive charter of economic liberty designed to maintain open and unhindered competition as the rule of commerce." The antitrust laws generally prohibit unauthorized mergers and business practices, leaving it to the courts to determine which ones are prohibited based on the specific facts of each case.
From the era of horses and buggies to the modern digital era, courts have applied antitrust rules to evolving marketplaces. Nevertheless, for more than a century, the antitrust laws have had the same fundamental goal: to safeguard the competitive process for the benefit of consumers, by ensuring that there are strong incentives for businesses to operate effectively, keep prices low, and keep quality high.
<h3>The three core federal antitrust laws:</h3>
- Any "monopolization, attempted monopolization, conspiracy, or combination to monopolize" is prohibited by the Sherman Act, as is "every contract, combination, or conspiracy in restraint of trade."
- The Sherman Act has harsh penalties that can be applied. The Sherman Act is a criminal law as well, and although the majority of enforcement actions are civil, anyone or any company that violates it may face legal action from the Department of Justice.
- "Unfair techniques of competition" and "unfair or deceptive activities or practices" are prohibited by the Federal Trade Commission Act.
Learn more about antitrust laws here:
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