Answer:
The correct option is B
Explanation:
The short-run supply curve is the curve which shows or represent the marginal cost curve portion and that lies or stated above the average variable cost curve.
And when the prices of market increases, then the firm or organization will supply more of its products as per the law of supply.
So, the short-run supply curve represents the supplied quantity through all the firms in the market at each price but when every firm will plant and the number of firms will remain the same.
<span>Public goods are goods which are non-excludable (no one can be denied from using it) and non-rival (use by one wouldn't affect the consumption by another).
Because of this, people want to use the good but not pay for it as they know, once the good is provided, they can't be excluded from using it. This is called Free riding.
Private companies will not be able to tackle the problem of free riding as they won't know what rate to charge and how to make everyone pay.
Govt. can, however do this easily.</span>
Explanation:
Apperel maker and footwear maker are industries that use as common resources such as packaging, distribution, marketing and selling operations.
On the other hand, the resources that are unlikely to be shared, we can mention different types of machinery for confection, raw material and specialized professionals.
Answer:
True
Explanation:
- In inflation, the cost of goods and services in a nation is increasing enormously, and the buying power of the money of that country is reducing .
- Inflation is a specificity of the degree at which an economy is improving the price level of a product over time.
- Inflation sometimes presented as a percentage gesture of a reduction in the buying power of the currency of a country.
different countries has different inflation rates.
Answer:
Union suppression tactics.
Explanation:
Union suppression tactics are used to avoid union from taking steps that cause productivity of organization or taking steps against the management. It is illegal to supress the union from organizing any protest or asking any question to manegement.
Employer take different steps to supress union are plant closings, refusing to hire pro-union applicants, firing or harassing union supporters and suing permanent strike replacements
Employer should avoid following steps to negotiate union smoothly instead:
- Threaten: Employer should never retaliate or threaten employee to avoid union.
- Interrogate: Never interrogate employees about their intentions or any activities.
- Promise: Never promise anything to employee as it create high expectation and it lead to misunderstanding if it is not met.
- Spying: Employees have the right to meet with the union representatives and “hear them out” without management interference, so employer should never spy against employee.
Employer should have regular communication with employee to avoid union at workplace.