Answer:
An expert, more generally, is a person with extensive knowledge or ability based on research, experience, or occupation and in a particular area of study.
Explanation:
Answer:
a. National income increases by $50,000 and factor payments to abroad increase by $20,000, so US GDP increases by $70,000
Explanation:
The German firm hired an American worker and paid him $50,000. That means that American national income will increase by $50,000.
Since the company is German, that would increase factor payments ot abroad by the difference = $70,000 - $50,000 = $20,000.
Total GDP increases by the amount of $50,000 + $20,000 = $70,000
People either get hired to balance out how much a company is paying their employees, or the price of their priduuct increases to balance out how much money their employees are getting paid
Answer:
Competitive inertia
Explanation:
Competitive inertia -
It is the activity method which a firm use due to the changes in the areas like the scope of market , new product , advertising , pricing , is known as the competitive inertia .
Hence , same case is shown in the question , when the Ziff Corp. did not change its strategy , as they where sure that their recent strategy is capable to make them the market leader .
