The type of economy that the Harrison lives in is a monopoly because he supply consumers solely with leather shoes.
<h3>What is monopoly?</h3>
A monopoly is when only one company offers a specific service or sells a specific product. Here Harison is the only supplier of shoes in the country where he lives.
Since there is no competition, the seller has complete control over the price hence makes as much profit as possible.
Hence, the type of economy that the Harrison lives in is a monopoly because he supply consumers solely with leather shoes.
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Answer:
The return you expect in U.S. dollars is 1.116%
Explanation:
0.85 = 0.93 ( 1+0.02/1+X)
0.85/0.93 = 1.02/X
0.913978 = 1.02/X
X = 1.02/0.913978
= 1.116%
Therefore, The return you expect in U.S. dollars is 1.116%
Answer: decrease in government purchases and an increase in tax.
Explanation:
Fiscal policy is the use of government expenditure and taxation to control economic activities. Contractionary fiscal policy is a type of fiscal policy that has to do with the increase in taxes and decrease in government expenditures Contractionary fiscal policy is used when there is too much money in circulation or to fight inflationary pressures.
Because of the increase in taxes, households and firms will have less money to spend. Lower disposal income will help in reducing consumption.
Also, government reduction of expenditure is also a good Contractionary fiscal policy method. Decrease in spending by the government will reduce money supply in the economy and consumption will be reduced too.
A good manager must first have a knowledge of the company's set of ethics and policies, and exercise it in an exemplary manner. Leadership is also an important factor for good management, a good leader should be open to dialogue, exercise inclusion and participation, assisting employees in their difficulties and motivating them with example, organization and discipline.
If it is a choice, then you are deciding between two or more options. The opportunity cost of whatever you decide means you have chosen the best option, with the next best option foregone.
I hope this helps you and have a great day!! :)
