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3 years ago

For a market to be competitive:______.

Business

1 answer:

quester [9]3 years ago

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Answer:

Option A:

Each buyer and seller is small, relative to the whole market; no single decision maker has any influence over the market price.

Explanation:

A competitive market is a market that is characterized by free entry and exit. This means that any party has a right to enter the industry, do business, and leave it freely. In other words, no party or business holds enough stake to become a gatekeeper in that industry.

Furthermore, prices are determined by the forces of demand and supply, and cannot be arbitrarily set by any business.

No single decision maker has any influence over the market price.

This makes option A correct.

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Which of the following statements is true of NAFTA? It overrode the local content requirements and rules of origin for products

VLD [36.1K]

Answer:

B. It eliminated all tariffs and non-tariff trade barriers from within North America.

Explanation:

The North American Free Trade Agreement was a pact formed between America, Canada, and Mexico to encourage trade between these three countries. This pact encouraged trade within these three nations by eliminating tariff barriers that would otherwise have limited trade between the countries.

NAFTA became active on January 1, 1994. NAFTA today has been replaced by another agreement known as the United States- Mexico Trade Agreement. This was made possible by President Donald Trump who believed that NAFTA was not really fair on America.

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3 years ago

Why might you complete a 1040 instead of a 1040EZ

MAXImum [283]

A) you own a home

Hope this helped!

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4 years ago

Read 2 more answers

As part of the initial investment, a partner contributes equipment that had originally cost $100,000 and on which accumulated de

deff fn [24]

Answer:

Explanation:

$100,000 debit to the Equipment asset account because you are recording the actual original cost of the equipment (as is required by the Cost Principle of Depreciation). You should also credit the Accumulated Depreciation: Equipment account for $75,000 to show that the equipment has already depreciated for this amount.

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4 years ago

Paul Martin had worked for 12 years for the department of transportation when he applied for a promotion to dispatcher. Martin s

Katen [24]

Answer:

a.)

The court has to hear the arguments from both side of the party , analyze the arguments that has imposed by the party on each other. And after analyzing, the court decide the judgement.

b.)

If I were the judge , then i would not consider the case under racial harassment .

Because the country has an argument that Palmer had gotten the job as part of a voluntary affirmative action plan designed to achieve a work force that reflected the race and gender composition of the county.

Also , we know others law that says about equal employment has to give to the person without any discrimination.

c.)

To lower down the illegal occupation activities , proper plan of the workspace is must.

Steps required for workspace planning -

1. Objective of Business

2. Current workforce

3. Workers Necessity

4. Gap Minimization

5. Action plan review.

Explanation:

As given,

Paul Martin had worked for 12 years for the department of transportation when he applied for a promotion to dispatcher.

Martin scored 75 on an interview test.

Betty Palmer, another candidate, scored 73 and got the job.

a.)

The court has to hear the arguments from both side of the party , analyze the arguments that has imposed by the party on each other. And after analyzing, the court decide the judgement.

b.)

If I were the judge , then i would not consider the case under racial harassment .

Also , we know others law that says about equal employment has to give to the person without any discrimination.

c.)

To lower down the illegal occupation activities , proper plan of the workspace is must.

Steps required for workspace planning -

1. Objective of Business

2. Current workforce

3. Workers Necessity

4. Gap Minimization

5. Action plan review.

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3 years ago

AP Macro Topic 1.3 Comparative Advantage and Trade Part 1 - Mastering Skills- Answer the following questions to verify that you

Studentka2010 [4]

Answer:

1. It is an input problem (time).

2. Bob's opportunity cost of producing 1 pizza:

= 6 (12/2) burgers that it could have produced using 12 minutes it used to produce 1 pizza.

3. Frank's opportunity cost of producing 1 burger:

= 0.25 (3.75/15) pizzas that it could have produced using 3.75 minutes to produce 1 burger.

4. Bob's opportunity cost of producing 1 burger:

= 0.17 (2/12) pizzas that it could have produced using 2 minutes to produce 1 burger.

5. Frank's opportunity cost of producing 1 pizza:

= 4 burgers (15/3.75) that it could have produced using 15 minutes to produce 1 pizza.

6. Bob has the absolute advantage in producing burgers. It produces 30 burgers in 1 hour than Frank.

7. Bob has the absolute advantage in producing pizzas. It produces 5 pizzas in 1 hour than Frank.

8. Bob has the comparative advantage in producing burgers. It uses 2 minutes to produce 1 burger instead of Frank's 3.75 minutes.

9. Bob has the comparative advantage in producing pizzas. It uses 12 minutes to produce 1 pizza instead of Frank's 15 minutes.

10. The acceptable terms of trade would be for Bob to devote 2 hours in producing 60 burgers and selling to Frank while Frank produces 8 pizzas using 2 hours and selling to Bob. But, since Bob has absolute and comparable advantage over Frank in the production of the two items, it seems that Frank should allow Bob to produce them, while it devotes its hours in producing another product or service where it has comparative advantage.

Explanation:

a) Data and Calculations:

Units produced per hour

Burgers Pizzas

Bob 30 5

Frank 16 4

Minutes per unit:

Bob 2 12

Frank 3.75 15

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3 years ago