<span>Reduction in a nation's labor force would long-run aggregate supply curse to the left, representing a reduction in labor. This would tend to drive up labor costs over time. Presumably, the demand curve would remain static in the short-term.
However, such a reduction would also impact the nation's consumption and thereby reduce the demand for products. This would in turn drive a decreased demand for labor (leftward shift) and apply downward pressure to wages.
The answer to this depends on whether the questions is regarding short-term, medium-term or long-term labor supply/demand curve.</span>
<span>Investigators who are interested in studying attitudes and would like to gain a lot of information very quickly are likely to use self report.<span>
It uses survey, questionnaire, or poll to help experimenter to gain knowledge about the participant's feelings, attitudes, beliefs and so on.</span></span>
Answer:
product team.
Explanation:
A product team structure can be defined as a team whose main objectives are to develop problems and solutions for a product line.
This team is responsible for implementing strategic and marketing actions to ensure functionality, the inclusion of benefits and acceptance of the product in the market, therefore it must be formed by trained professionals with a strategic vision aligned with the organizational values and objectives.
This type of team structure allows greater flexibility in the work, due to the fact that it is carried out by a multifunctional team where there is the possibility of sharing innovative ideas for the success in the development of a product.
A perfectly competitive firm earns a profit when price is above the average total cost.
A perfect competitive firm is a firm that operates in a perfectly competitive market. A perfectly competitive market is a market where the goods and services exchanged are homogenous. There is perfect information in this type of market.
In the long run, firms in a perfect competition earn only a normal profit. If in the short run, firms are earning economic profit, new firms would enter into the market. This would wipe out economic profit. In the short run, if an economic loss is been made, firms would leave the industry.
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Answer:
A. Consumers and firms use all available information as they act to achieve their goals
Explanation:
Information is a value, maybe the most important. It´s also scarce and expensive: business pay fortunes to smart men.
And the most worthy information is the one that allows a person to predict the futuro. For instance, who knows what will be the price of oil in one year.
Usually available information is not enough, people cannot acces to a better option, therefore mistakes are made, even throught and after "rational" reasoning. So, people act "rationally", in spite of goal is not always achieved.
