Answer:
Minimizing waste
Pareto efficiency
Explanation:
- This is a situation where waste from allocation of goods is reduced to the nearest minimum.
- This is when every economic good is optimally allocated across production and consumption so that no changes made to allocation can make any body better.
Free trade refers to a condition in which a country does not attempt to limit what its citizens can buy from or sell to another country.
<h3>Free trade</h3>
They can extend new markets, increase gross domestic product, and invite new acquisitions.Countries must negate the domestic advantages of free trade agreements with their results.
Under a free trade policy, goods and services can be purchased and sold across international borders with little or no government tariffs, quotas, grants, or prohibitions to inhibit their exchange. The idea of free trade is the opposite of economic isolationism.
To learn more about economic isolationism visit the link-
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Answer:
14.74 %
Explanation:
Accounting rate of return = Average Profits / Average Investment x 100
therefore,
Accounting rate of return = ($100,000 - $65,000) / $237,500 x 100
= 14.74 %
where,
Average Investment = ( initial investment + scrape value ) ÷ 2
Answer:
Google acts according to the efficiency wage theory.
Explanation:
The efficiency wage theory states that if an employer increases the wage of his/her employees, they will be motivated and their productivity will increase. The increase in productivity should offset the increased labor costs. So the costs of higher wages should be recouped through increased productivity. Higher wages also reduce worker turnover, reducing hiring and training costs.
