The WTO world trade organization would probably tell the United States to cease and desist protectionist measures that run counter to the agreements signed. A laissez-faire economist has a liberal view of goods and services thus it would not sit well with a laissez faire economist
There are numerous consumer protection laws that affect the goods that Americans buy. However, a laissez-faire economist would see all of these laws in the same light, that they were a form of unnecessary and disruptive government interference in industrial production.
The state of economy affects values of objects and property. They need to understand the affects of inflation and how it affect value. And they definitely have to understand supply and demand and what the current situation is.
The meaning of market situation is basically understanding how the external environment is affecting a business. It focuses on how the external environment affects their customers.
Assessing Market CompetitionA managerial economist determines how the competition and market structure affect the product's sales level and price. In a perfectly competitive market, the managerial economist realizes companies accept market pricing based on supply and demand. If the firm is part of an oligopoly, i.e., the company and just a handful of others control the majority of the market, an economist uses principles from Nash's equilibrium which states that the firm must engage in pricing strategy to undercut its competitors. How many substitutes are available in the company's niche is also a factor: If two other companies sell a beverage that tastes the same, the firm must either keep the drink price lower or establish strong brand loyalty among consumers.Factors of ProductionIn addition to the market structure, pricing strategy is designed based on the firm's inherent factors of production. Nick Wilkinson, author of the textbook, "Managerial Economics: A Problem-Solving Approach," explains these factors include the education level and skill set of its labor force, access to scarce resources such as oil, and the level of technology available to the firm. Managerial economists calculate the firm's variable and fixed costs to determine its economic profit and break-even price. From these factors of production, economists assess the short- and long-term viability of the company.Legal RegulationsA managerial economist assesses how current legislation affects business operations. For instance, if the company wants to merge with another firm, an economist analyzes the impact of reduced competition, increased market share and if antitrust regulations may serve as an impediment to the merger. G.S. Gupta, author of the textbook, "Managerial Economics," explains other legal considerations include minimum wage laws, taxes, subsidies and health and safety standards. Other legal regulations might include environmental mandates. If the government requires reduced carbon emissions, an economist determines which option is better: incur higher fixed costs by replacing machinery or pay for carbon credits if the company exceeds the standard amount. Foreign legislation is also of great interest to an economist. Countries that enact regulations on their labor industry could have severe effects on a multinational corporation's bottom line that relies on overseas labor. For example, a managerial economist determines what switching costs are incurred, if any, should the company relocate labor from Mexico to China. Export and import quotas, subsidies, tariffs and differential taxes are other foreign legal considerations
current ratio = current asset divided by current liability
no they are not the same. the current ratio is current assets/current liabilities. but liquidity ratio or acid test ratio is current assets - stock/current liabilities. liquidity ratio shows you how able a business is to pay off its debt when stock is taken out of the equation.
The AC current affects the electrodes in the following way. It affects the cellular viability and cellular viability.
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Becoming an economist requires knowledge of the world and current events, so one would need to stay current on events and news. Reading news articles and watching daily news on television are good places to start. To be a professional, a Masters or PhD is required.
John Locke's ideas of the rights to Life, Liberty, and Property formed the basis for the Declaration of Independence which affects all Americans today.
ocean current gander
how does immigration affects individual
The Ocean Current that most affects the weather in North America is probably the EL NINO or the UPWELLING Currents.
temperature, current, and turbidity A+temperature, current, and turbidity
the gulf stream
the gulf stream
The Gulf Stream
An image of Scottish economist Adam Smith is on the back of current Bank of England £20 notes.