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NEW QUESTION: 1
Most economists in the United States seem captivated by spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market.
A price that is determined by the seller or for that matter, established by anyone other than the aggregate of consumers seems pernicious, accordingly, it requires a major act of will to think of price - fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that requires, Modern industrial planning requires and rewards great size. Hence a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-markets economic theories. But each large firms will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Each large firm will thus avoid significant price cutting, because price cutting would be prejudicial to the common interest in a stable demand for products. Most economists do not see price-fixing when it occurs because they expect it to be brought about by a number of explicit agreements among large firms; it is not.
More over those economists who argue that allowing the free market to operate without interference is the most efficient method of establishing prices have not considered the economies of non socialist countries other than the United States. These economies employ intentional price-fixing usually in an overt fashion.
Formal price fixing by cartel and informal price fixing by agreements covering the members of an industry are common place. Were there something peculiarly efficient about the free market and inefficient about price fixing, the countries that have avoided the first and used the second would have suffered drastically in their economic development. There is no indication that they have.
Socialist industry also works within a frame work of controlled prices. In early 1970's, the Soviet Union began to give firms and industries some of the flexibility in adjusting prices that a more informal evolution has accorded the capitalist system. Economists in the United States have hailed the change as a return to the free market. But Soviet firms are no more subject to prices established by free market over which they exercise little influenced than are capitalist firms.
The passage provides information that would answer which of the following questions about price-fixing?
I. What are some of the ways in which prices can be fixed?
II. For what products is price-fixing likely to be more profitable than the operation of the free market?
III.Is price-fixing more common in socialist industrialized societies or in nonsociatist industrialized societies?
A. II and III only
B. land II only
C. III only
D. I only
E. I, II and III
Answer: D
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 2
An Application team has three environments for their application: development, pre-production, and production. The team recently adopted AWS CodePipeline. However, the team has had several deployments of misconfigured or nonfunctional development code into the production environment, resulting in user disruption and downtime. The DevOps Engineer must review the pipeline and add steps to identify problems with the application before it is deployed.
What should the Engineer do to identify functional issues during the deployment process? (Choose two.)
A. After the deployment process is complete, run a testing activity on an Amazon EC2 instance in a different region that accesses the application to simulate user behavior if unexpected results occur, the testing activity sends a warning to an Amazon SNS topic. Subscribe to the topic to get updates.
B. Add an AWS CodeDeploy action in the pipeline to deploy the latest version of the development code to pre-production. Add a manual approval action in the pipeline so that the QA team can test and confirm the expected functionality. After the manual approval action, add a second CodeDeploy action that deploys the approved code to the production environment.
C. Using AWS CodeBuild to add a test action to the pipeline to replicate common user activities and ensure that the results are as expected before progressing to production deployment.
D. Use Amazon Inspector to add a test action to the pipeline. Use the Amazon Inspector Runtime Behavior Analysis Inspector rules package to check that the deployed code complies with company security standards before deploying it to production.
E. Create an AWS CodeDeploy action in the pipeline with a deployment configuration that automatically deploys the application code to a limited number of instances. The action then pauses the deployment so that the QA team can review the application functionality. When the review is complete, CodeDeploy resumes and deploys the application to the remaining production Amazon EC2 instances.
Answer: D,E
NEW QUESTION: 3
Who is generally responsible for articulating the HR strategy?
A. Human resources leadership
B. Senior management
C. Board of directors
D. Outside consultants
Answer: A