Answer:
restore the equilibrium of the economy
Explanation:
According to Adam Smith, if market forces are allowed to move freely, they will work for the common benefit of everyone, and it will lead to an equilibrium in the market. The invisible hand moves the supply and demand in such a way to restore the natural balance. Sellers and buyers look for their self-interest and in doing that they efficient allocation of the resources
Answer:
The answer to this question is option B. Deflation means that the price level is failing, whereas with inflation overall prices are rising
Explanation:
Inflation is an increase in the general prices of goods and services in an economy on the other hand, deflation is the general decline in prices for goods and services, indicated by an inflation rate that falls below zero percent.
Hence the answer is option B. Deflation means that the price level is failing, whereas with inflation overall prices are rising
Answer:
True
Explanation:
For your in-text citation, just use the author's name or the title of the work if there is no author given. For your Works Cited list, just leave the page number part out.
Answer: $152,309.69
Explanation:
You are looking for the future value of this amount in 29 years assuming it will be compounded annually.
Future value = Amount * (1 + rate)^ number of years
= 4,400 * ( 1 + 13%)²⁹
= $152,309.69
Answer:
The correct answer to the following question is option A) charging slightly lower price and raising production .
Explanation:
A cartel can be defined as a group of firms , that join forces together to decide what level of output should be produced and at what prices they should be sold at. A cartel generally forms in oligopoly market where there are few firms in the market and they all have significant share in the market.
Reason why firms join forces together is because they want to have more dominant position in the market and increase the market power. So these type of cartels forms a monopoly n the market and earn high profits. But there are always chance of firms cheating each other in market, by either increasing the production or decreasing the price by a small percent, which will allow them to earn more profits.
