Correct answer: "<span>C. a situation in which quantity demanded is greater than quantity supplied"
Shortage is also referred to as excess demand - meaning that there is a greater demand than what there is to give. The opposite concept would be economic surplus.
</span>Example: when the need for food in a certain village is greater than what is supplied or produced in that village, there a shortage of food.
Answer:
As a government contractor, Foley Food must have an employee assistance program.
Explanation:
For Foley foods to increase its productivity need, the firm will have to hire new workers to assist other workers for the night shift, as to improve its productivity needs.
With not having more workers to assist in the night, their employees are faced with a potential stress and burnout which are synonymous to employee exhaustion and disillusionment. And since the firms had been able to recognize their limitations, its advisable to hire more workers.
Answer:
(A) $500 million
(B) This type of analysis is used to show that Special Interest Groups tend to press the government for TRANSFERS instead of ECONOMIC GROWTH.
Explanation:
1/10,000 of the real GDP is = $50,000
RGDP = 50,000 ÷ 1/10,000
RGDP = 50,000 × 10,000 = $500,000,000
If special interest group Q would have to be indifferent (not care which policy is applied at the given time) between the 2 policies, then the economic growth policy would have to increase the size of the RGDP (the economic pie) by an amount sufficient enough for them to get their net benefit of $50,000.
The RGDP figure above ($500 million) is the amount by which RGDP (real gross domestic product) should grow, if Group Q will still get their net benefit when only the economic growth policy (EGP) is applied.
In this case, the EGP applied in place of the TP (transfer policy) would still fetch Group Q the minimum net benefit of $50,000
(B) This type of analysis is used to show that Special Interest Groups tend to press the government (policy makers and enforcers) for TRANSFERS instead of ECONOMIC GROWTH.
Any job that requires you to sell stuff. let's say, as a candy boy, you get trained for a few minutes. then tossed into the sea of people to sell chocolate. your supervisor does not expect you to adapt a robotic tone but instead encourages developing your own charismatic style to help you sell more. if you were to continue with this job you would eventually come up with your own way to captivate an audience and sell as many chocolates as you want.
