1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
saw5 [17]
2 years ago
7

What is the best example of a short-run adjustment?

Business
2 answers:
k0ka [10]2 years ago
8 0

Answer:

Short-run economics primarily affect price.

Explanation:

When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.

Law Incorporation [45]2 years ago
8 0

Answer:

Mining and energy giants were hit especially hard by the fall in iron ore, coal, copper, and other commodity prices, underscoring their high fixed costs in the short run

Explanation:

You might be interested in
Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produ
Elan Coil [88]

Answer: Higher; Comparative advantage

Explanation:

A country or a firm has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodities is lower than the other country or firm.

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

Therefore,

United states's Opportunity cost of producing a pair of shoes = \frac{100}{20}

= 5 apples have to be foregone for producing a pair of shoes

Canada's Opportunity cost of producing a pair of shoes = \frac{20}{10}

= 2 apples have to be foregone for producing a pair of shoes

Hence, Canada has a comparative advantage in producing pairs of shoes because Canada's opportunity cost of producing a pair of shoes is lower than United states opportunity cost.

5 0
3 years ago
Through which method of involuntary alienation may the government take private land for public use?
Oduvanchick [21]

<u>Eminent domain</u><u> is the </u><u>governments</u><u>' power to take private land for public use.</u>

Which of the following is an involuntary alienation of property?

  • Involuntary Alienation. Involuntary alienation is the transfer of real estate by law and without the owner's consent.
  • There are 4 methods by which this is accomplished: foreclosure, eminent domain, adverse possession, and by escheat.

Which of the following is an involuntary alienation of property?

A grantor does not wish to be responsible for defects in the title that arise from previous owners but will guarantee the title for the time the grantor has the ownership.

What is involuntary alienation ?

Involuntary Alienation. Involuntary alienation is the transfer of ownership without consent and control of the owner.

Learn more about Involuntary Alienation

brainly.com/question/14675036

#SPJ4

8 0
1 year ago
I am an absolute beginner to the job. Whenever I receive an inquiry from a client, my supervisor will text me a price in RMB (Ch
forsale [732]

Answer:

There had been a consensus among economists that the Chinese currency has been undervalued in the 15% to 40% range for many years.1 However, the International Monetary Fund (IMF) stated in the summer of 2015 that the Chinese currency was no longer undervalued against the dollar given its recent appreciation.2

Chinese money, however, comes by two names: the Yuan (CNY) and the people's renminbi (RMB). The distinction is subtle: while renminbi is the official currency of China where it acts as a medium of exchange, the yuan is the unit of account of the country's economic and financial system.

1:02

Yuan Vs RMB: Understanding The Difference

Money As a Medium of Exchange

Money enables anyone who possesses it to participate as an equal market player. When consumers use the money to purchase an item or service, they are effectively making a bid in response to an asking price. This interaction creates order and predictability in the marketplace. Producers know what to produce and how much to charge, while consumers can reliably plan their budgets around predictable and stable pricing models.

When money, as represented by a currency, is no longer viable as a medium of exchange, or if its monetary units can no longer be accurately valued. Consumers lose their ability to plan budgets, and there is no longer a way to gauge supply and demand accurately. In short, market volatility will cause the markets to become chaotic.

Prices are bid up or raised, in response to worries about scarcity and fears of the unknown. Meanwhile, supply diminishes because of hoarding behaviors, coupled with an inability of producers to quickly replenish inventory.

Money as Unit of Account

Unit of account (or numeraire) is an economic term that represents a unit in which prices are measured. A numeraire is usually applied to a single good, which becomes the base value for the entire index or market. By having a numeraire, or base value, it allows us to compare the value of goods against each other. In essence, the numeraire acts as a set standard of value across an exchange.

An example of a numeraire arises when we look at how currencies were valued under the Bretton Woods Agreement and System during the mid-twentieth century. The U.S. dollar (USD) was fixed at $35 per ounce of gold. All other currencies were then priced as either a multiple or a fraction of the dollar.3 In this situation, the USD acted as the de facto benchmark, or numeraire, because it was fixed to the price of gold.

6 0
2 years ago
f the cross-price elasticity of food and clothing (% change in demand for clothing / % change in the price of food) is -0.7, the
Ber [7]

Answer:

Option "D" is correct.

Explanation:

Given the cross-price elasticity = -0.7

The rise in price of a commodity will decrease the consumption of the same commodity but it will increase the consumption of its substitute commodity. When the price rises for food then the nominal income falls, resulting in the fall in demand for food. Since income elasticity considers the change in actual income. Thus option D is correct.

6 0
3 years ago
The cost of constructing a new parking lot at the company's office building would be recorded as:
Natalija [7]

Answer:

b. Land improvement.

Explanation:

Total assets include current assets, fixed assets, and intangible assets Current assets include cash, stock, receivable account, etc. Fixed assets include plant & machinery, property, facilities, furniture & equipment, land, etc.

And the intangible assets are trademarks, copyrights, goodwill, and other intellectual properties.

The main difference between land and land improvements is that the land is a non-depreciable asset plus it has unlimited life whereas land improvement is depreciated assets and it has a limited life.  

The example of land improvement includes the parking lot, lighting, fences, etc

6 0
3 years ago
Other questions:
  • When originally purchased, a vehicle costing $24,120 had an estimated useful life of 8 and an estimated salvage value of $2,200.
    12·1 answer
  • The beliefs and values you were raised with are part of your ____________.
    5·2 answers
  • The following are selected 2017 transactions of Sean Astin Corporation.
    6·1 answer
  • _____ personality tests use a standard set of questions and are scored in a standardized way
    15·1 answer
  • Which of the following statements is true? Group of answer choices If current Real GDP is greater than Natural Real GDP, the eco
    12·1 answer
  • According to its original plan, Benson Consulting Services Company plans to charge its customers for service at $135 per hour in
    7·1 answer
  • A Caribbean resort wishes to identify customers that can afford and have the most interest in taking tropical vacations. Using t
    5·1 answer
  • The marginal cost of Alexa's Guide to Street People and Their Pets is constant at $5. Alexa sells 5,000 copies per year at $20 p
    12·1 answer
  • Max, an employee at HiFi LLC, is responsible for performing the job analysis process in her organization. She is currently plann
    12·1 answer
  • At World Spice Market, Inc., the department manager uses a hand-held scanner to determine the quantity of each spice the store h
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!