Which of the following news clips involves a short-run decision and which involves a long-run decision? Explain.

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Which of the following news clips involves a short-run decision and which involves a long-run decision? Explain.

■ In 2013, Nokia announced that it would cut 300 jobs, mostly in Finland, and transfer hundreds of employees to the firm’s Indian branches to take them off its payroll.

■ In October 2013, Peugeot shut down its factory in Aulnay-sous-Bois and announced that it would lay off more than 11,000 employees in the following years.

■ In 2016, the Renault-Nissan-Mitsubishi Alliance was considering shutting down Nissan’s plant in Sunderland, England, following Brexit.

■ The French insurance firm Axa had taken steps to limit e-mailing and messaging employees outside of working hours even before the “right to disconnect” law came into effect on January 1, 2017.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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