Mention the reasons behind the de-integration of American Steel producers
For the past 40 years, the percentage of America's steel produced in vertically integrated firms like U.S. Steel has declined. This is because mini mills have replaced large blast furnaces. Unlike blast furnaces, electric furnaces can be turned on and off almost at will. They often operate late at night when electricity rates are very low, because utilities cannot turn their generators off and restart them in time to meet the next day's load. It is more efficient for a mini-mill to use the market than to integrate upstream.
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Final goods and services refer to:
A. goods and services that are unsold and therefore added to inventories. B. goods and services whose value has been adjusted for changes in the price level. C. goods and services purchased by ultimate users, rather than for resale or further processing. D. the excess of U.S. exports over U.S. imports.
Which of the following would move the labor supply curve from S 1 to S 2 ?
a. Many workers of the younger generation sought flexibility and a shorter work week.
b. The factory was located in a crime-ridden part of town with limited access via public
transit.
c. The state’s mild climate and low taxes caused many people to relocate there.
d. Workers in the baby boom generation began cutting back their hours and preparing
to retire.