Stephen is a professor at a university. He tells his students that rich countries continue to stay rich because they control the economies of poor countries. He also states that they exploit the poor countries because workers in poor countries depend on external markets for jobs. He argues that rich countries set prices for agricultural products exported by poor countries regardless of market values. Which theory is he describing to his students
Answers: 3
Business, 22.06.2019 12:50, DesperatforanA
Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise
Answers: 3
Business, 22.06.2019 22:30, ajfijeoinf2750
When the price is the equilibrium price, we would expect there to be a causing the market to put pressure on the price until it went back to the equilibrium price. a. above; surplus; upward b. above; shortage; downward c. below; surplus; upward d. below; shortage; downward e. above; surplus; downward?
Answers: 2
Business, 23.06.2019 00:50, kellimcollier8294
Mr. drucker uses a periodic review system to manage the inventory in his dry goods store. he likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. it costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. mr. drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?
Answers: 1
Stephen is a professor at a university. He tells his students that rich countries continue to stay r...
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