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3 years ago

What are the benefits associated with free trade and globalization?

Business

1 answer:

Drupady [299]3 years ago

7 0

Answer:

It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system.

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In the simple Keynesian model, Multiple Choice Inflation becomes a problem only if demand increases at full employment. Inflatio

ElenaW [278]

Answer:

In the simple Keynesian model, inflation becomes a problem only if demand increases at full employment.

Explanation:

In the Keynesian view, price inflation is mainly the result of relative changes in supply and demand, which lead to price changes. Changes in the money supply have no direct influence here. According to this school, the money supply is the result of money creation by the banking system; but this plays only a limited role in the process.

In this vision, a distinction is made between:

- Demand inflation: Inflation occurs when the aggregated demand for goods and services increases, with an initially constant supply.

-Cost inflation: Inflation occurs if there is a sudden decrease in supply when demand remains the same.

7 0

3 years ago

John's Mattresses is now selling its products in Spain. It has priced its line of mattresses very low in the hopes that it will

ch4aika [34]

Answer: predatory pricing.

Explanation:

John's Mattresses is now selling its products in Spain. It has priced its line of mattresses very low in the hopes that it will drive away weaker competitors. This is an example of predatory pricing.

Predatory pricing is when a company intentionally reduces its price in order to reduce competition. It should be noted that this can lead to monopoly and it violated the antitrust law.

6 0

3 years ago

) There is a hotel which has 50 rooms. When the rate is $180/night, all rooms will be booked up. There will be one more room ava

Rzqust [24]

Answer:

The best rate for the hotel for profit maximization is = 340 $/room

Explanation:

Given that

A hotel room has = 50 rooms

The rate per night = $180

More room are available when the rate is increased by = $10

A maintenance fee of =$20

Now

We find the best rate for the hotel in order to have for profit

Thus,

When no rate increase is found we have the following,

Cost = ( 180 $/room * 50) = $ 9000

Thus,

When there is a rate increase for a room, we have the following

10x $/ room

The new cost becomes = (180 + 10x) $/room * (50 - x)

which is = 9000 = 500x - 180 x - 10x²

= 9000 + 320 x - 10x²

To get the new profit, we have the following :

Thus,

Profit = (New cost) - (cost)

Profit = (9000 + 320 x - 10x²) - (9000)

= 320x - 10x²

By applying maximization

dp/dx = 0 = 320 -10 * 2x = 0

So,

x = 16

Therefore,the best rate for the hotel for profit maximization is = (180 + 10 * 16)

=340 $/room

5 0

3 years ago

A fixed asset with a five-year estimated useful life and no scrap value is sold at the end of the second year of its useful life

Agata [3.3K]

Answer:

Using straight line method over Double-declining balance method chances of loss or reduction in gain increases.

Explanation:

When we use straight line method it gives constant value that decrease the book value of plant assets while using double-declining balance method is reduce book value more aggressively in earlier years. Therefore, Book value of asset is much higher compare to double declining balance method hence, chances of loss or reduction in gain are obvious when we use the straight line method.

7 0

3 years ago

Read 2 more answers

A researcher took a random sample of 100 students from a large university. She computed a 95% confidence interval to estimate th

Illusion [34]

Answer:True

Explanation: increasing the sample size to 150 will reduce the width of the confidence interval because it reduces the standard error.

I hope my answer helps.

5 0

3 years ago