Answer:
B. it is a benchmark-a market with the maximum possible competition—that economists use to evaluate actual markets that are not perfectly competitive.
Explanation:
In a perfect market information is equally available to all players in the market and as such there is no undue advantage by any of the players.
Market forces are therefore controlled by forces of demand and supply. No one entity has the power to control the market.
This is a theoretical situation as all market in real life are imperfect.
However economists prefer to use the perfect market because it is used as a benchmark of what a market should be with perfect competition.
Real markets are compared to the perfect market to see how effective they are.
Answer:
Relative to USA, the exchange rate shall decrease because as the currency of USA i.e. dollars appreciates, it makes the imports cheaper for USA and exports expensive for other country.
Explanation:
Answer:
Retail banks operate in order to earn profit, while credit unions are nonprofit
Explanation:
What is a major difference between retail banks and credit unions?
Retail banks only serve businesses, while credit unions only serve individuals.
- This answer is false, both retail banks and credit unions serve businesses and individuals.
Retail banks operate in order to earn profit, while credit unions are nonprofit.
- This answer is true, retail banks earn profits while credit unions are non-profits.
Retail banks only have small local branches, while credit unions are nationwide.
- This answer is false. Generally speaking, retail banks have a much larger geographic footprint than credit unions. Many retail banks are found across the entire country (and sometimes world!) but most credit unions are focused on serving their local community.
Retail banks manage a person's money, while credit unions focus on providing loans.
- This answer is false. Both retail banks and credit unions offer money/investment management services in addition loans. The financial products offered by retail banks and credit unions depend on the market served and business conditions.
Answer:
The answer is: Each salesperson will receive $1,250
Explanation:
The total commission for this sales operation is $10,000 that will be split equally between the two brokers, so each broker will get $5,000. If the broker hired a salesperson and will pay him 25% of their commission, you must multiply $5,000 x 25% to find out the salesperson´s earnings. For this sale it is $1,250.
Answer: irrelevant
Explanation: In simple words, something is termed as irrelevant if it is of no use or importance to the user of that thing.
In the given case, John carter wanted to know the cause of increasing attrition but the HR provided him with the report of new hires. That report will be of no use to the John in his study no matter if it is accurate or not.
Hence from the above we can conclude that the report is irrelevant.