Answer:
In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.
When the world price is lower than the domestic price the country imports and domestic price goes down
If Meekertown allows free trade,then it will import meekers
Meekertownian consumers were worse off without free trade than they are with it.-TRUE
Meekertownian producers were worse off without free trade than they are with it.- FALSE
True or False:
When a country is too small to affect the world price, allowing free trade will never increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.-FALSE
Explanation:
I would say that the effects of such positive benefits as health insurance or paid parental leave will make the workplace much more attractive and cause a big rush to obtain employment at such places. It is well to remember that without the sacrifice of labour unions including jailings, beatings and even deaths these benefits would not be there ie they would not come just out of the goodness of someone's heart.
Answer:
B Marginal Revenue
Revenue is money earned from the production of goods and services.
Answer: The total value created from the trade is $58
Explanation: The value created by me is $25 as I sold for $70 a bicycle worth $45 to me. That is $70 - $45 = $25.
On the otherhand, my friend created a value/gain of $33. He bought the bicycle for $70 but the worth to him is $103. That is, $103 - $70 = $33
In essence, the total value created will be the summation of the value created by me and that of my friend
That is, $25 + $33 = $58
Answer:
For an organization to survive, it must exchange information with it's external environment. An organization has no control over it's external environment, hence, it as to use the information of it's external environment for planning.
Explanation:
Wells Fargo, was one of the most valued bank, that operated a successful open system, before the scandal became public. However, it could not survive it's complex external environment, as the scandal had damaged the reputation of the bank, which largely affected the bank's market share.
