Economist Friedrich Hayek argued that ______ can serve as signals in an economy.

2 answers:

8 0

I think the correct answer from the choices listed above is option D. Economist Friedrich Hayek argued that prices can serve as signals in an economy. The prices can tell whether economy is in a good state or not. Most of Hayek’s work from the 1920s through the 1930s was in the Austrian theory of business cycles, capital theory, and monetary theory.

aev [14]3 years ago

5 0

D) Prices.

Economist Friedrich Hayek argued that (prices) can serve as signals in an economy.

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The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply-chain from the cus

GaryK [48]

Answer:

True.

Explanation:

The bullwhip effect can be explained as an occurrence detected by the supply chain where orders sent to the manufacturer and supplier create larger variance then the sales to the end customer. These irregular orders in the lower part of the supply chain develop to be more distinct higher up in the supply chain. This variance can interrupt the smoothness of the supply chain process as each link in the supply chain will over or underestimate the product demand resulting in exaggerated fluctuations.

CAUSES

There are many factors said to cause or contribute to the bullwhip effect in supply chains; the following list names a few:

1. Disorganization between each supply chain link; with ordering larger or smaller amounts of a product than is needed due to an over or under reaction to the supply chain beforehand.

2. Lack of communication between each link in the supply chain makes it difficult for processes to run smoothly. Managers can perceive a product demand quite differently within different links of the supply chain and therefore order different quantities.

3. Free return policies; customers may intentionally overstate demands due to shortages and then cancel when the supply becomes adequate again, without return forfeit retailers will continue to exaggerate their needs and cancel orders; resulting in excess material.

4. Order batching; companies may not immediately place an order with their supplier; often accumulating the demand first. Companies may order weekly or even monthly. This creates variability in the demand as there may for instance be a surge in demand at some stage followed by no demand after.

6. Price variations – special discounts and other cost changes can upset regular buying patterns; buyers want to take advantage on discounts offered during a short time period, this can cause uneven production and distorted demand information.

7. Demand information – relying on past demand information to estimate current demand information of a product does not take into account any fluctuations that may occur in demand over a period of time.

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3 years ago

Traders who traveled to the Yoruba Homeland were probably most interested in obtaining ____ from the people there.

Pie

Answer:

corn

Explanation:

the product was almost impossible to grow in their area

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Not one, but both, of daniel's parents have schizophrenia. what is the approximate lifetime risk that daniel himself will develo

prisoha [69]

It has been said that certain genes often skip a generation. So, if your parents have a particular abnormality a child might not necessarily get the same abnormality. In the case of schizophrenia I cannot imagine that two schizophrenics would even take a chance of having children. Even if they are on medication it does not mean that their life can be even close to normal. After all, they have to take very goodo care of themselves and also their child. Schizophrenia often does not show up until a person hits the approximate age of 20. There is also a factor of something actually triggering the schizophrenia. Going back to my first sentence I can only hope, for Daniel's sake that he does not develop this mental illness.

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3 years ago

Groupthink is a phenomenon that relates to the consensus norms. a. True b. False

geniusboy [140]

I would go with False.Good luck

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Holding a hearing without giving the juvenile enough time to prepare. Is this due process?

kari74 [83]

No, the Due Process is the legal requirement that the state must respect all legal rights that are owed to a person. Due process balances the power of law of the land and protects the individual person from it. When a government harms a person without following the exact course of the law, this constitutes a due process violation, which offends the rule of law.

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