a market that operates outside the legal system, either by selling illegal goods or by selling goods at illegal prices is referred to in economics as a

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Answer 1

Answer:

the answer is black market


Related Questions

what is the penalty for filing taxes late if you are owed a refund

Answers

Answer:

There is no penalty for filing after the deadline if a refund is due.

what reflects the perceived quality of a company’s goods and services in the eyes of the public?

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The company's reputation reflects the perceived quality of its goods and services.

A company's reputation will always show the perceived quality of its goods & services as well as prominence of the brand in the minds of the public.

A brand reputation is one of the most important intangible asset of a company because its gives rise to the tangible asset which means higher sales and increased profits.

In conclusion, brand reputation was gained through customers trust & loyalty from the company's consistent service.

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External economies of scale occur when average costs of a​ firm: A. rise as the industry grows larger. B. fall as the industry grows​ larger, but may or may not rise as the representative firm grows larger. C. fall as the representative firm and industry grows larger. D. remain constant.

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We are required to explain how external economies of scale occur with a change in average costs of firm

Economies of scale can be defined as the rise in output as cost per unit decrease.

External economies of scale occur when average costs of a firm "fall as the representative firm and industry grows larger."

External economies of scale occur when a industry grows larger and representative firms benefit from lower long-run average costs.

External economies of scale can also be called positive external benefits of industrial expansion.

Therefore, External economies of scale occur when average costs of a firm "fall as the representative firm and industry grows larger."

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what recognizes the potential for valuable innovations to be launched from lower organizational levels and diverse locations, including merging markets?

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what recognizes the potential for valuable innovations to be launched from lower organizational levels and diverse locations, including merging markets, is known as:

"Reverse Innovation."

This is because reverse innovation is a type of innovation in which the product is originally innovated for poor neighborhoods such as developing regions, then repackaged in a way that is then sold to the rich neighborhoods such as developed regions.

Reverse innovation is a term originally coined by Vijay Govindarajan and Chris Trimble.

They claimed that reverse innovation is a kind of bottom-up innovation strategy whereby the products designed for poor areas are then redefined and sold to the rich areas.

Hence, in this case, it is concluded that the correct answer is "Reverse Innovations."

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Which of the following statements best defines
UTILITY?
A. What you can obtain for an item at a later time

B. How well something satisfies a person's wants or
needs

C. What we lose by giving up the other provided choice

D. How helpful an item is given the context of a current
situation

Answers

Answer:  c

Explanation: i just took the test

UTILITY is What we lose by giving up the other provided choice Option(c) is correct. In any case, it isolates the hypothesis of financial utility from real perception and experience, since "utils" can't really be noticed.

What is a Utility?

Utility is a term in financial matters that alludes to the all out fulfillment or advantage from consuming a decent or administration.

Monetary hypotheses in light of judicious decision for the most part expect that shoppers will endeavor to augment their utility. The monetary utility of a decent or administration is vital to comprehend, on the grounds that it straightforwardly impacts the interest, and consequently cost, of that great or administration.

Practically speaking, a purchaser's utility is typically difficult to gauge or evaluate. In any case, a few financial specialists accept that they can by implication gauge what is the utility of a monetary decent or administration by utilizing different models.

Utilities are organizations that work in the electric, water, oil, or gas areas. These organizations assume a significant part in modern economies and have an all out market capitalization of almost $1.6 trillion.

Therefore Option(c) is correct.

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A small software company interviewed candidates for two open positions as quality assurance technicians. The final two selected are equally qualified; a young woman and a fifty year old man. In order to cut employee expenses, the IT manager offered the job to the older man at a salary $15,000 lower than the salary offered to the young woman. This violates the 1963 Equal Pay Act. Which entity is charged with enforcing the Equal Pay Act of 1963 if it is notified

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Considering the scenario described in the question above, the entity that is charged with enforcing the Equal Pay Act of 1963, if notified, is "The Equal Employment Opportunity Commission (EEOC)."

The EEOC is the federal agency or entity responsible for enforcing this type of employment discrimination law.

According to the Equal Pay Act of 1963, it is a violation against candidates or citizens for companies to discriminate on wages or salary due to gender.

Hence, in this case, it is concluded that the right agency to call upon is the "The Equal Employment Opportunity Commission (EEOC)."

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as consumer demand for new cars increases, tire makers and steel and aluminum suppliers may experience an increase in demand for their products, which is an example of:

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The increase in demand for tire makers, steel and aluminium suppliers is an example of derived demand.

Derived demand is the demand for a good or service as a result of an increase in the demand for another good or service. Labour and raw materials usually have a derived demand.

As the demand for new cars increase, car makers would want to produce more cars in order to meet the increased demand. This would lead to an increase in the raw materials and labour that is needed to make more cars. On the other hand, if there is a decrease in the demand for new cars, there would also be a decrease in the demand for the raw materials and labour that is needed to make more cars.

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is when a product is sold from the manufacturer to the end consumer, with no wholesale or retail

companies in between.

A. Direct distribution

B. Extraction

C. Hospitality

D. Subcontracting

Please select the best answer from the choices provided

A

0 00

D

Mark this and retum

Save and Exit

Next

Submit

Answers

Answer:

a

Explanation:

what is the opportunity cost of investing in capital?

Answers

Answer:

your opportunity is on your hand

which characteristic is most important in identifying which data to collect for marketing research?

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The characteristics of the data includes one which will help in decisions making for marketing actions.

Let understand that "Marketing research" is the process of gathering, recording, analyzing and drawing conclusion on data collected from potential customers of a product to facilitate decision making about a product viability.

The purpose of Marketing research is to provides concrete information which is relevant for decision making in the firm.

Therefore, the characteristics of data that is very important to marketing research are data which will be relevant to draw decisions for marketing actions.

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which country parades first during the olympics opening ceremony

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Answer:

Greece always enters first.

The modern Olympic Games began in Athens in 1896. So Greece gets the honor of starting in the Parade of Nations.

PLS HELP PLS
1. How has the job market changed?
2. Will computers/technology affect jobs? How? Or why not?
3. What does the future hold for your generation?

Answers

1. Employees in low-wage jobs saw the biggest decline in employment. Employment among low-wage employees decreased by 11.7 percent from February 2020 to February 2021, from 28.1 million to 24.8 million. This contrasts to a 5.4 percent drop in employment for middle-wage employees, who lost 5.5 million jobs during the same time.

2. Looking at the workforce as a whole, one of the more contentious issues surrounding the effects of computers on employment is that is creates and destroys jobs at different ends of the economy. Computers tend to create high-paying, high-skill technical jobs and destroy low-paying, low-skill jobs.

3. More than 2.5 million Alphas are born every week and by 2025 there will be almost two billion of them. Born to digital technology like it's a fifth element of nature, Alphas will be the wealthiest, the most intensely educated and most dynamic generation that human society has yet seen.

What is one way to set up an opportunity for job shadowing?Contact people you know and request a shadowing experience.Show up on the day you would like to shadow and request to shadow an employee.Post online that you are looking to shadow someone and wait for a reply.Go to work with a family member without contacting the organization first.

Answers

Answer:

A

Explanation:

Contact people you know and request a shadowing experience is one way to set up an opportunity for job shadowing.

You can ask your friends, family or contacts in the business to let you shadow them in order to arrange a job shadowing opportunity. Inform them of your desire to observe their work and inquire about scheduling a day or a few hours with them. Personal connections benefit this strategy, raising the likelihood of a favorable response.

It demonstrates your seriousness and respect for their time by being proactive and formal in your request. Avoid simply walking into an office without calling or relying solely on online posts as these strategies might not be effective and might be viewed as unprofessional. The secret to setting up a fruitful job shadowing opportunity is networking and making personal connections.

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the original cost of the asset less the accumulated depreciation is the

Answers

Answer:

Book value

Explanation:

The Net Cost  is the derived after the accumulated depreciation is deducted from original cost of the asset.

The Net cost is what is been derived after taking into account depreciation on the assets.

In other word, the Net cost refers to the gross cost of an object which is reduced by any expenses incurred from owning the object.

The Net cost will be derived after the gross cost of an office equipment minus the its salvage value.

Therefore, the Net Cost  is the derived after the accumulated depreciation is deducted from original cost of the asset.

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please help me asap!

Answers

Answer:

Indirect

Explanation:

Please give brainliest.

the u.s market is large but many other countries have what advantage over the us​

Answers

Explanation:

faster growth?? uhm is this a answer chose.

Another term for a checking account is a time deposit.
True
Or False

Answers

Answer:

False because you only go and check your account you don't deposit anything only if you want

Answer: False

Explanation:

damaged merchandise that can be sold only at prices below cost should be valued at

Answers

The damaged merchandise that can be sold only at prices below cost should be valued at Net realizable value.

In accounting, the Net realizable value is basically the cash that a company expects to receive based on the eventual sale of an item after deducting any associated costs.

In the case, the damage merchandise can be sold, but it will be at lower price compared to the normal price.

Therefore, the valuation method of Net realizable value is what the damaged merchandise should be valued at.

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bucky’s hardware sold merchandise worth $1,200 to a customer, and offered terms of 2/10, n/30. if the customer pays within 10 days, bucky’s hardware will receive:

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Assuming bucky’s hardware sold merchandise worth $1,200 to a customer, and offered terms of 2/10, n/30. if the customer pays within 10 days, bucky’s hardware will receive: $1,176

Using this formula

Amount received=Merchandise sold-(Merchandise sold ×Discount)

Where:

Merchandise sold =$1,200

Discount=2%

Let plug in the formula

Amount received=$1,200-($1,200×2%)

Amount received=$1,200-$24days

Amount received=$1,176

Inconclusion if the customer pays within 10 days, bucky’s hardware will receive: $1,176

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The point at which supply equals demand is called

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Equilibrium






………..,.,,.,……..,.,.,,

Answer:

equilibrium

Explanation:

the amount of unemployment that the economy normally experiences is known as

Answers

Answer:

The natural rate of unemployment.

During a job interview, Pam Thompson is offered a salary of $32,000. The company gives annual raises of 4 percent. What would be Pam's salary DURING her fifth year on the job? (You may need to round to the nearest answer)

Answers

Answer:

$38,933

Explanation:

A=P( 1 + r/100)^n

A= amount

r= rate(4%)

n=period (5)

A=32,000 ( 1 + 4/100)⁵

A=32,000 (1.04)⁵

A=38,932.89

A=$38,933( nearest whole number)

During a job interview, Pam Thompson is offered a salary of $32,000. Pam's salary during her fifth year on the job is $ 37435.474.

What do you mean by the annual raise of salary?

A worker's salary increase is expressed as a percentage of their total base pay. Typically, it represents a portion of the employee's yearly compensation. Employers may utilize increments to raise or lower basic pay as well as to provide incentives.

The yearly increase % calculates the average annual percentage rate of salary increases.

Here,

Current salary= 32000

First increment will occur at the beginning of 2nd year = 32000 × (1+4%)

Second increment will occur at the beginning of 3rd year = 32000 × (1+4%) × (1+4%)

Third increment will occur at the beginning of 4th year =  32000 × (1+4%) × (1+4%) × (1+4%)

Fourth increment will occur at the beginning of 5th year

= 32000 × (1+4%) × (1+4%) × (1+4%) × (1+4%)

= 32000 × (1+4%)^4

= 32000 × (1.04)^4

= 32000 × 1.1698586

= $ 37435.474

Therefore, during a job interview, Pam Thompson is offered a salary of $32,000. Pam's salary during her fifth year on the job is $ 37435.474.

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what is business? for a boss?

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A business manager is a supervisor who leads and oversees an organization or a department's employees and operations. They work to ensure the company remains productive, efficient and organized at all times by implementing operational strategies, conducting performance reviews and overseeing all day-to-day activities.

how does selling shares on the stock exchange benefit companies?

Answers

Answer:

to raise revenues

Explanation:

hope i helped

money that has been spent and cannot be recovered is known as costs.

Answers

A sunk cost is money that has already been spent and cannot be recovered. In business, the axiom that one has to "spend money to make money" is reflected in the phenomenon of the sunk cost.

What is Sunk Cost?

Sunk Costs are those costs that cannot be recovered by any means, i.e., money, once invested, is gone forever.

They should not be considered for making any future decisions like whether to continue the investment or not, as these costs cannot be recovered, and decisions should only be made based on relevant costs.

Sunk costs are considered fixed costs, but remember that all fixed costs are not considered sunk costs.

One simplest example of sunk cost is employees working on a probation period. You have paid a joining bonus to the probationer, but the results aren’t satisfactory, so you terminate the probation contract and fire the probationer from their job. The joining bonus is considered a sunk cost, as you won’t be seeing it again.

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Money that has been spent and cannot be recovered is known as sunk costs.

What is sunk costs?

Sunk costs are sometimes called a retrospective cost, referring to an investment already incurred that can’t be recovered. Examples of sunk costs in business include marketing, research, new software installation or equipment, salaries and benefits, or facilities expenses. By comparison, opportunity costs are lost returns from resources that were invested elsewhere.

Economists suggest that, in theory, sunk costs are not relevant to future decision-making. In practice, however, sunk costs can and do significantly influence decisions about the future. This is largely because it’s psychologically challenging to let go of previously invested time, effort, or financial resources even if the outcome of those investments fails to meet expectations. A sunk cost refers to money that has already been spent and cannot be recovered.

A manufacturing firm, for example, may have a number of sunk costs, such as the cost of machinery, equipment, and the lease expense on the factory.

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what is the interest rate charged per period multiplied by the number of periods per year called?

Answers

a lot of them i think

what documents are used in the buying of goods and services​

Answers

Answer:

trans tax

Explanation:trans tax

the difference between personal assets and personal liabilities

Answers

Answer:

Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.

Explanation:

Answer:

Assets: include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate.

Liabilities: include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.

Difference between Assets & Liabilities:

Assets are what a business owns and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equals equity, or an owner's net worth.

Amortization ______. (Check all that apply.) Multiple select question. is calculated using the straight-line method spreads the cost of intangible assets to expense over their useful lives is used for expensing the cost of land over its useful life is in accordance with the matching principle

Answers

Statement that describes Amortization as regards this question are;

spreads the cost of intangible assets to expense over their useful lives.

is calculated using the straight-line method.

Amortization can be regarded as a process involving writing down the value of either a loan or an intangible asset.

Amortization schedules  helps in presentation of loan repayment by lenders.

Therefore, we can calculate Amortization by utilization of straight-line method.

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Answer:

- spreads the cost of intangible assets to expense over their useful lives

- is in accordance with the expense recognition (matching) principle

- is calculated using the straight-line method

Explanation:

what is the name of the document that tells you what you need to pay on your credit card?

Answers

Answer:

A billing statement, commonly referred to as a bill.

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