An electric company is like to have greatest market power.
Explanation:
An electric company falls under oligopoly market. An oligopoly market is that market that consist of few firms and large numbers of buyers. As a result the sellers have the power to change the price. Although if they increase the price the customers will not be able to stop buying those goods.
Oligopoly market has the power to affect the demand as well as the supply . In case of market power the output reduces but there is no loss in economic welfare.
Answer:
D. Using accrual of operating expenses and future adjustments
Explanation:
A common method used to smooth net income over time is using accrual of operating expenses and future adjustments
Answer:
relational switching cost
Explanation:
Switching costs are those related to expenses that a customer assumes when switching from a product or service provider, are expenses related to effort, money, time among others.
Costs are often low in a fragmented market and low and high in a consolidated market with few substitute products.
There are three types of switching costs:
- procedure,
- financial,
- relational.
Relational switching cost is one that is not quantifiable, but concerns consumer resistance and discomfort in adapting to change from a new supplier.
Answer:
A.Yakov is a 20-year-old professional tennis player. When he's not competing, he works as a coach at a local tennis club. EMPLOYED
B.Ana is a 42-year-old autoworker who was just laid off by her employer. She is trying to find any kind of job to help make ends meet. EMPLOYED
C.Charles is a 41-year-old graphic designer who is taking 2 years off from work to care for his small daughter. NOT IN THE LABOR FORCE
D.Juanita is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions,she gave up on her job search and decided to go back to grad school. She made that decision a few months ago. NOT IN THE LABOR FORCE
E.Gilberto is a famous novelist. He is spending the summer at his lake house in upstate New York, doing a little writing each day but mostly spending his time gardening and reading. EMPLOYED
F.Dina is a 10-year-old student at Southside Middle School. She baby-sits her younger sister and does other chores for which her parents give her an allowance of $20 per week. NOT IN ADULT POPULATION
Explanation:
To be considered unemployed, a person must be out of a job for more than 4 weeks and be actively seeking for a job. The labor force includes all the people over age 16 that are willing and able to work.
The government uses expansionary fiscal policy, which will cause a shift to the use of fiscal policy to expand the economy by increasing aggregate demand, which leads to increased output, decreased unemployment, and a higher price level. Expansionary fiscal policy is used to fix recessions.
Fiscal policy is the use of government spending and taxes to influence the economy. Governments typically use fiscal policies to promote strong, sustainable growth and reduce poverty.
The two most important examples of expansionary fiscal policy are tax cuts and increased government spending. Both measures aim to increase aggregate demand while contributing to deficits or reducing budget surpluses.
The usual goals of both fiscal and monetary policy are to achieve or maintain full employment, achieve or maintain high economic growth, and stabilize prices and wages.
US taxation is generally incorporated into the federal annual budget. This budget is proposed by the President and approved by Congress.
Learn more about fiscal policy here
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