The exchange of a good or service is

g A price ceiling that is set below the equilibrium price _____ . Group of answer choices causes suppliers to lose money creates

Allushta [10]

Answer:

creates a shortage

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage

Effects of a price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

6 0

3 years ago

Saturn Systems Inc., which is headquartered in the United States, has its production plant located in a less-developed country w

ivann1987 [24]

Answer:

a. unethical

Explanation:

This company's behavior is unethical. In the globalized world, it is natural for transnational firms to direct their production structure to countries where labor is cheaper, as this makes their product more competitive in the international market. However, these firms must not take advantage of regulatory failures in the labor market in these countries to increase their profit. Every firm must be concerned and ensure that the physical integrity and health of employees who work on its plants is preserved, regardless of location. Thus, in order to act ethically, this firm should implement process improvements to minimize the exposure of employees to chemical agents and to inhibit the exploitation of the labor that occurs when employees work in excess and without being paid for overtime.

3 0

3 years ago

determine and describe ten best practices for managers competing in the global environment, challenged with diversity, global ec

JulsSmile [24]

The correct answer to this open question is the following.

For me, the ten best practices for managers competing in the global environment, challenged with diversity, global economics, and social responsibility would be the following, in no particular order.

1.- Understanding the global world.

The world is no separated by frontiers. Globalization is here to stay. Trade is the best example.

2.- Solid leadership.

Managers have to turn into leaders to be able to teach, coach, and direct the organization.

3.- Cultural Diversity.

Different people's backgrounds will enrich the company and its processes.

4.- Support and engage employees.

The leader has to be backed by loyal and committed employees to confront difficult issues.

5.- Embrace change.

Change is the constant in a global world. Accept it and take the initiative.

6.- Reward and motivate employees.

If players believe in the leader, they are going to believe in the system. As simple as that.

7.- Create an international team.

Bring the foreign experts to your company. They have different approaches and perspectives.

8.- Innovation.

Invest in research and development. Innovation has many advantages.

9.- Accept the benefits of technology.

The digital world has changed the way to do business in the world.

10.- Constantly Travel.

Travel to learn how people live in your different markets. What they like and dislike, how they think, what can capture their attention.

5 0

3 years ago

Corporate financing comes ultimately from:_______

zhannawk [14.2K]

Corporate financing comes ultimately from savings by households and foreign investors.

Option b

<u> Explanation: </u>

The respective government will formulate the corporate financing policy according to the economic need of the country. The economic policies will also device the rules and regulations for the corporate financing either in the way of banking institution or by foreign investment.

Corporate financing done by the banking institution will have the contribution from savings of households and another type of funding is foreign investment which is carried out by joint venture agreement. This way the country’s economy will mainly depends on corporate financing.

3 0

3 years ago

Increasing the amount of money in the economy results in

Elena-2011 [213]

Answer:

By increasing the amount of money in the economy, the central bank encourages private consumption. Increasing the money supply also decreases the interest rate, which encourages lending and investment. The increase in consumption and investment leads to a higher aggregate demand.

Explanation:

It is important for policymakers to make credible announcements. If private agents (consumers and firms) believe that policymakers are committed to growing the economy, the agents will anticipate future prices to be higher than they would be otherwise. The private agents will then adjust their long-term plans accordingly, such as by taking out loans to invest in their business. But if the agents believe that the central bank’s actions are short-term, they will not alter their actions and the effect of the expansionary policy will be minimized.

7 0

3 years ago