I believe the correct answer is Hierarchical Authority
Wеbеr's thеοriеs, dеvеlοpеd at thе turn οf thе 20th cеntury, hеlpеd dеfinе thе еcοnοmic and pοlitical systеms еmеrging frοm thе highly cοncеntratеd authοrity οf hеrеditary rulеrs and thеir suppοrtеrs. Thеy dеfinеd many 20th-cеntury institutiοns. Pοwеr in burеaucraciеs is vеstеd in pοsitiοn, nοt pеrsοn, and authοrity travеls thrοugh thе lеvеls οf thе hiеrarchy basеd οn agrееd-upοn functiοns.
If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.
<h3>What is Labor productivity?</h3>
Labor productivity is use to measure the output of a labour based on hourly basis.
Labor productivity is usually determined by the amount of Capital that is investment. This include technological and human capital.
Therefore, If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.
Learn more on productivity here,
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Answer: When economists say that a good is no -rival in consumption, More than one person can enjoy the good at the same time
A good is excludable if someone can be prevented from using it. A good is rival in consumption if one person's use reduces others' ability to use the same unit of the good. Markets work best for private goods, which are excludable and rival in consumption. Markets do not work well for other types of goods.
Answer:
Globalization of markets and brands
Correct option A
Explanation:
Globalization has enabled firms to specialize and to increase the intensity of R&D, innovation and capital in their output.
Globalization has made it easier for new companies to start competing with old companies.
Globalization has made companies to increased the number of people that it employs, both through exports and imports.
Answer:
there is no "individual" person or a central authority that dictates the market value of a home, instead, it is influenced by several market conditions and factors such as,
External characteristics: home condition, lot size, popularity of an architectural style, water or sewage systems, sidewalk, paved road and so on.
Internal characteristics: size and number of rooms, construction quality, appliance condition, heating type, energy efficiency and so on.
Supply and demand
Location
Explanation:
