Reference no: EM133129166
Needing a 100 word response
Hello Class and Professor,
What is wage rigidity and how does it affect markets and performance? Wages cannot be adjusted downwards, which has significant implications for labor market performance. If wages exceed the market value rigidly downwards and don't adjust in order to equilibrate supply and demand, involuntary unemployment can arise. (Goette.L, Sundae U., & Sundae U., 2007). It is essentially the failure of market prices to change quickly.
Do you agree with Keynes' assessment that wage-price rigidity requires the government's involvement in the markets? On this theory, I'm 50/50 that the government should be involved in the pricing of products.
(Pro) Government involvement could regulate prices during natural disasters like hurricanes and other natural and economic disasters. Why do I defend this statement? I witnessed gas prices rise from $2.70 per gallon to $3.80 per gallon, or a gallon of milk went up $2.00, purely as a result of the hurricane.
(Disadvantage) Why should the government not regulate prices? It could result in an influx of goods and uncontrollable supply and demand, as well as sales with no limits and zero restrictions. Markets could crash and not be able to quickly adjust prices to the supply and demand ratio.(Blinder and Zandi 2007).
In my opinion, the government should keep an eye on prices but not at the point where they have 100% control of production and sales so that they can control stocks, investments, and commodities.
How much is the cost to be capitalized to trademark
: It has determined that the value in use amounted to 100,000 and the net selling price is 150,000. How much is the cost to be capitalized to trademark
|
Plot out the two marginal product of labor curves
: There are two countries, the US and Mexico. The United States, which has more capital per worker and a higher level of technology, has higher labor productivity
|
Happens to you that brings pattern of pressure
: What is your situation? happens to you that brings a pattern of pressure, anxiety, trouble, fear within you? When, where, and with whom do you struggle?
|
How aggressive their status in the market
: 1. What are the products and services that they produce and provide for society? 2. How aggressive their status in the market?
|
Government involvement in the markets
: Do you agree with Keynes' assessment that wage-price rigidity requires the government's involvement in the markets? On this theory, I'm 50/50 that the governmen
|
What is importance of deposit insurance premiums for banks
: What is the importance of deposit insurance premiums for banks? What are the risk management activities undertaken by central banks to sustain economic growth
|
Cost of producing the first n goods
: 1) The price of the nth good on the supply curve tells you the cost of producing the first n goods.
|
Compute the cash collected
: The terms are 3/10, n/30. The related freight charge amounted to P10,000. Compute the Cash collected if FOB destination and freight collect
|
Establishing a minimum wage for employees
: Rittenberg & Tregarthen (2014) explains that "Rigidity of other prices becomes easier to explain in light of the arguments about nominal wage stickiness. Since
|