The American Federation of Labor (AFL) was formed by Samuel Gompers, who was inspipred by Marxism. It has success in lobbying Congress for better working conditions. Samuel Gompers was an American Labor Union Leader and remained a key figure in changing American labor history.
A free market is a type of economy which allows the manufacturers and consumers to interact resulting to the relationship between the supply and demand market. This is different from the command market in which the government controls solely. One of the countries with strong free market economy are B. US, UK, HK and Singapore.
Answer:
D. both a and b
Explanation:
There are 3 stages to technological change:
1. Invention - this is when new technology is created or invented.
2. Innovation - this is application of new invention
3. Diffusion - diffusion is when knowledge and use of new technology spreads. Training is one of the ways through diffusion can occur. Therefore , training is an example of technological change.
I hope my answer helps you
The best explanation for the relatively horizontal area of the short run aggregate supply curve is that, "with an economy operating below potential output, an increase in aggregate demand causes real output to increase."
The short-run aggregate supply curve is horizontal. This happens because in the short-run production can be increased without any real effect on the average costs of production.
The horizontal short-run aggregate supply curve shows that even if the output increases, the price remains the same. So here the aggregate demand curve can shift to the right and can meet the aggregate supply curve at a new point.
Hence, here the price level will remain unchanged.
To learn more about supply curve here:
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Answer:
market/book ratio = 1.93
EV/EBITDA ratio = 15.01
Explanation:
market/book ratio = market price per share / book price per share
- market price per share = $27
- book value per share = $5,600,000,000 / 400,000,000 = $14
market/book ratio = $27 / $14 = 1.93
EV/EBITDA ratio = EV (enterprise value) / EBITDA
- enterprise value = market value of equity + total liabilities - cash & cash equivalents = $10,800,000,000 + $10,400,000,000 - $120,000,000 = $21,080,000,000
- EBITDA = $1,404,000,000
EV/EBITDA ratio = $21,080,000,000 / $1,404,000,000 = 15.01