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3 years ago

How does Globalization affect the wealth gap?

Business

1 answer:

murzikaleks [220]3 years ago

5 0

Explanation:

Globalization may not be the sole driver of global income inequality. ... A common narrative frames globalization as the cause of inequality: by shifting low-skilled jobs from wealthier countries to poorer countries, economic integration has increased inequality within countries while lowering inequality between them.

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Newport Bank moved its customer service jobs from the United States to India, an example of __________. outsourcing offshoring i

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Sounds like offshoring.

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3 years ago

How do i solve capital for a month on a balance sheet

stepan [7]

Capital for a month on a balance sheet:

The net working capital formula is calculated by subtracting the current liabilities from the current assets. Here is what the basic equation looks like. Typical current assets that are included in the net working capital calculation are cash, accounts receivable, inventory, and short-term investments.

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4 years ago

Why do you think it is important to consider both salary and benefits when applying for a job?

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3 years ago

Cash $10,100 $4,020 Accounts receivable 20,580 12,830 Short-term investments 22,020 29,750 Inventory 42,390 34,710 Prepaid rent

Anna11 [10]

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Assets Year 1 Year 2

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Short-term investments $22,020 $29,750

Accounts receivable $20,580 $12,830

Inventory $42,390 $34,710

Supplies $1,000 $74

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4 0

3 years ago

Consider a profit-maximizing monopoly pricing under the following conditions. The profit-maximizing price charged for goods prod

DIA [1.3K]

Answer:

The dead weight loss created will be equal to $6.

Explanation:

A profit-maximizing monopoly is charging the price of $12.

The profit-maximizing output level is 10 units.

The marginal cost at this level is $6.

The socially optimal level of output is 12 units.

The demand and cost curves are linear.

Since the monopoly firm is producing less than socially optimal level and charging a higher price, it will create a deadweight loss in the market.

The value of the deadweight loss will be equal to the triangular area created by AR, MR and MC curve between socially optimal output and profit-maximizing output.

The deadweight loss

= $\frac{1}{2}\times base \times height$

= $\frac{1}{2} \times 12-6 \times 12-10$

= $\frac{1}{2} \times 6 \times 2$

= $6

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3 years ago