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3 years ago

Competition is good for customers because it gives them more options.

Business

1 answer:

OverLord2011 [107]3 years ago

4 0

Answer:

The correct answer is A. It is true that competition is good for customers because it gives them more options.

Explanation:

In economics, competition refers to the pursuit of a goal by at least two economic subjects, with the higher degree of goal achievement of one actor causing a lower degree of goal achievement by the other.

Competition requires at least one actor with an inferior degree of target achievement and thus works against certain social principles such as equality, as it requires a privileged position of those who have achieved the higher degree of target achievement.

As for consumers, the bidding between companies through competition is beneficial. This is because, to capture the largest proportion of the market, companies make different offers, promotions and other proposals that imply benefits for consumers, who can choose the best proposal that best suits their economic possibilities and their tastes.

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Denton and Carlo worked at an appliance plant. Their job required them to do occasional maintenance work while standing on a wir

zepelin [54]

Answer:

Yes

Explanation:

Yes, the disharge was wrongful and the employer can be sued for doing so. Employees are protected under the OSHA law, which basically makes sure that employers provide the employees with safe and hazard free work conditions for all employees. Failure to do so can be met with a lawsuit as well as firing an employee for not putting themselves in a dangerous situation. The OSHA administration which is the same representatives of the law itself can provide assistance to the employees in this situation.

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3 years ago

That candle wax is traded in a perfectly competitive market in which the demand curve captures buyers’ full willingness to pay w

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Answer:

The answers are:

A) total output should increase

B) total output should decrease

C) total output should be kept the same

D) total output should be decreased

Explanation:

A) consumers are willing to pay a higher price; the quantity supplied should increase

B) if Marginal cost > Marginal benefit; the quantity supplied should decrease

C) if total surplus is at maximum; the equilibrium point between quantity demanded and quantity supplied will remain the same

D) if the quantity supplied exceeds the quantity demanded; to reach an equilibrium point, the quantity supplied should decrease to match the quantity demanded

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3 years ago

Who is responsible for assembling the policy forms for insureds?

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4 years ago

Suppose the government of Russia runs a budget deficit. This will result in:

adoni [48]

Answer:

D. an increase in interest rates in Russia and a decrease in the value of the ruble relative to other currencies.

Explanation:

In case the government of Russia runs a budget deficit , there will be inflationary pressure because budget deficit will be met by printing of currency . Inflationary pressure will drive interest rate high which will adversely affect the value of currency in international market. So the value of ruble will decrease relative to other currency .

Option D is correct .

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3 years ago

The body that has the power to prescribe the accounting practices and standards to be employed by companies that fall under its

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Answer:

Security and Exchange Commission (SEC).

Explanation:

The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.

In the United States of America, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America. It has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.

The body that has the power to prescribe the accounting practices and standards to be employed by companies that fall under its jurisdiction is the SEC.

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3 years ago