Real estate commission fee
Answer:
there is no deadweight loss.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.
Answer:
the global village
Explanation:
Global village is a term used to describe how communication between parties that are far apart is done as a result of interconnectivity and advanced media technology.
An individual does not need to travel from New York for example for a meeting, rather meetings can now be done online.
In this scenario Paul checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly.
He was able to work with his office and the customers he visited through the use of media.
This shrinking of time and space by use of media is referred to as the global village.
Answer:
The best answer to the question: In this context, which of the following statements is most likely to be true regarding Neon Synergy, would be, D: The business units of Neon Synergy will be empowered to adopt the standards of ethics followed in their respective host nations.
Explanation:
Cultural relativism is a theory that states that a persons system of values, beliefs and behaviors arise from the framework of the specific culture to which he has been exposed, and therefore these beliefs, values and behaviors originate and mirror those of the culture to which the person belongs. It also states that a person´s ethics, and actions must not be judged based on those that are proposed by a culture different to his/her own. Like this, the CEO of Neon Synergy, by allowing the business units of his company to follow the guidelines established by the cultural framework of the host countries where the units are is showing the characteristcis that are typical of cultural relativism and that is why the answer is D.
Answer:
The right solution is:
(a) 120
(b) 20%
Explanation:
Given that,
Full time employed,
= 75
Part time employed,
= 25
Total unemployed,
= 20
(a)
The total employed will be:
= 
= 
= 
Now,
Labor force will be:
= 
= 
= 
(b)
The unemployment rate will be:
= 
= 
= 
= 
(%)
