Economics Questions

Quel auteur étudie le conflit airbus-boeing

Quel auteur contredit la validation de HOS au niveau empirique avec son paradoxe de ?

Demande préalable sur le M intérieur

-Wrote at dawn of capitalism.-Wrote book wealth of nation-Analyzed society in terms of broad classes, historical change.-Celebrated creativity and thrift of the new class of capitalists.-Identified division of labor as a source of productivity in a new industry.-Believed prices reflected labor values, and that wages tended to subsistence.-Markets and competition will lead to mutual benefits (including through international trade).

= amount received by sellers - cost to sellersProducer surplus = the total/agreed upon price - minimum amount willing to take

Representatives of the Union and the company negotiate a contract for the workers; usually they rely on compromise

the amount of goods and services workers can produce in a given period of time

What should we produce? How should we produce it? For whom should we produce it?

the amount of pay a person gets over a year (especially for professional jobs)-White collar-"Office" jobs-Usually control production

what companies pay employees for their labor (usually based upon an hourly rate)-Blue collar-Manufacturing, work with hands-Usually the "labor" in production

Labor unions: organizations of workers who have banded together to achieve common goals (wage protection, workplace safety, benefits, job protection)

The act of giving up one thing for another

Durable goods: any goods that lasts 3 years or more when used on a regular basisNon-durable goods- any goods that lasts for less than 3 years on a regular basis

manufacturer goods that are used to produce additional goods and services

employee performs a specific task rather than all of the tasks of an operation

The accumulation of those products that are tangible, scarce, useful, and transferable from one person to another.

the buildings, tools, equipment, money, machinery, and factories used in the production of goods and services.

value to buyers - amount paid by buyersConsumer surplus = max amount willing to pay - total/agreed upon price

some needs are cheaper than luxury items(needs are usually lower in price than non-essential items).

the things done for others for a specific fee