From a public policy perspective, which is more economically advantageous, having one large firm producing at relatively low cost, or having many small firms producing at relatively high cost?
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From a public policy perspective, which is more economically advantageous, having one large firm producing at relatively low cost, or having many small firms producing at relatively high cost?
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- True or false, Simpson argues global corporations enhance economic freedom and their power causes conflicts of interest and social problems.Discuss the impact on tax, regulator and industrial policies that can stimulate employment and facilitate economic growth in an economy.Let’s assume that in California a corporation that produces electricity controls the market where its electricity is purchased and sold, then it would most probably Group of answer choices have legal protection to prevent copying its methods of production for commercial use. cut production, raise prices and realize positive economic profits. have a patent giving it exclusive legal rights to make, use, and sell for a limited time. export its product to other countries.
- The global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that “external factors are more important than internal factors” in strategic planning?What are the tax benefits of nonprofit status? Or in other words, how does the U.S. tax code subsidize the nonprofit sector? In addition, what are the arguments in favor of preferential tax treatment for nonprofit firms?Aquaculture is the growing of fish, shrimp, and other seafood in enclosed cages or ponds. The cages and ponds not only keep the seafood from swimming away but also provide aquaculturists with strong property rights over their animals. Does this provide a good incentive for low-cost production as compared with fishing in the open seas where there are few if any property rights?
- What are the three major legal forms of business organization? Which form is the most prevalent in terms of numbers? Why do you think that is so? Which form is dominant in terms of total sales? What major advantages of this form of business organization gave rise to its dominance?what are two examples, of companies’ respecting the rights of employees and of companies’ failing to do so.Is a company like Pullman’s justified in cutting wages when it has a large surplus of money? Does management have a higher obligation to the investor than to the laborer? Is the businessperson the best interpreter of the public interest? Is a large-scale business a purely private matter?
- It is argued that a localized industrial cluster of firms can enjoy external economies by creating a pooled market for workers with highly specialized skills. In what ways can such a pooled labor market be advantageous and who could benefit? Labor market pooling can a. increase the likelihood of unionization leading to higher wages and benefits for workers at the expense of producers. b. reduce the likelihood of unionization by workers leading to lower wages and benefits to the benefit of producers. c. reduce the likelihood of labor shortages for producers and unemployment for workers. d. increase the likelihood of job retention and improved productivity among workers to the benefit of producers.Statement 1: Privatization provides new private owners with a strong incentive to explore new markets while exiting failing ones. Statement 2: Privatization is the process of transferring state property ownership to private persons, usually through the sale of public assets at auction.Statement 3: Privatization is viewed as a means of boosting economic efficiency.Statement 4: Privatization provides new private owners with significant incentives such as higher profit margins and the ability to enhance efficiency. Which of the following is false? Both statements 1 and 2 are true Both statements 3 and 4 are true Options a and b are true Options a, b, and c are all true None of the above are true what is the best answer?The pie-chart given below shows the annual global market share of Pepsi and Coke for the last five years on average. Under what market structure do Pepsi and Coke operate? What microeconomic model can best describe the behavior of Pepsi and Coke? Explain the main theme of this model. Given the obvious market share of both Pepsi and Coke, on what grounds would you justify the multi-billion-dollar annual advertising spending by those two companies?
