Answer:
They should organize their firm as a corporation.
Explanation:
Joel and Mike would like to start a new business selling a product new to the U.S.
They have done a considerable amount of research on this product, and think it would be successful in the U.S.
Both would like to avoid losing any personal assets. They should organize their firm as a corporation.
Corporation is a legal entity which acts as a person. It is separate from its owners but enjoy most of the rights of a person. It has limited liability. It is funded by issuing shares to the stockholders.
A corporation can be for profit or not for profit. There are several types of corporations such as:
- C corporations.
- S corporations.
- Limited Liability Companies (LLCs)
- Nonprofit Organizations.
A hypothetical perfectly competitive firm is referred to as perfect competition. There are no monopolies under a scenario of perfect competition.
<h3>
What are the characteristics of perfectly competitive firm?</h3>
A few essential traits of this type of structure include:
- All businesses sell the same thing (the product is a commodity or homogeneous and perfectly competitive firm).
- Every company is a price taker (they cannot influence the market price of their products).
- Price changes are unaffected by market share.
- Buyers have complete or perfect knowledge of the product being offered and the prices each company is asking (in the past, present, and future).
- Labor and capital resources are completely mobile.
- Companies are not charged to enter or leave the market.
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Answer:
Lower, employment
Explanation:
The short-recession of 2001 was caused by a decline in computer sales, which in turn led to a collapse in the price of the stocks of technology companies.
This caused unemployment to rise up to 6%, way above the natural rate. The Fed then lowered the fed funds rate to fight unemployment, from 5% when the recession hit in March 2001, to 2% in Novemeber 2001, when the recession officially ended.
As unemployment is a lagging indicator, the effects of the monetary policy were only seen in the following years.
The answer is an active cell. A circular reference occurs when a cell in an Excel<span> 2010 worksheet refers to itself.</span>
The answer is diminish economic growth.
- The lack of property rights will produce difficulties in the daily lives of the people, and they will not be rectified unless the government intervenes with some property rights, because everyone would grab the property with power because the property rights are not there to claim the rights.
- Negative growth is defined as a drop in a company's revenues or earnings, or a drop in an economy's GDP in any quarter. Negative growth is characterized by declining wage growth and a decline of the money supply, and economists consider negative growth as a precursor to a future recession or depression.
- Economists usually believe that four variables drive economic development and growth: human resources, physical capital, natural resources, and technology.
Thus this is the meaning of diminish economic growth.
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