Birthrate is the number of births while deaerate is the number of deaths
Answer:
The correct answer is Unambiguously higher equilibrium quantity, and equilibrium rental rates could be higher or lower.
Explanation:
An economic equilibrium is a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables do not change. It is the point at which the quantity demanded and the quantity offered are equal, a market equilibrium, for example, refers to the condition in which the market price is established through competition so that the quantity of Goods and services desired by buyers is equal to the amount of goods and services produced by sellers. This price is usually called the equilibrium price and tends to remain stable as long as demand and supply do not vary.
<u>Answer: </u>Shortage in recruiting skilled labors
<u>Explanation:</u>
It is the responsibility of HR department to find labors for the organisation. When the criteria for recruitment changes the HRM finds it difficult to recruit people for service industry. As all the labors currently available are skilled manufacturing labors they do not have skills to work in service industry.
The employees of the company are the assets of the company without which the company cannot be productive. The HRM has to retrain the employees to match their skills with current requirements in the market.
Answer:
Correct option is (a)
Explanation:
GDP or Gross domestic product includes monetary value of all goods and services produced within a country. It includes all private and public investments and exports less taxes and imports.
Option b, c and d are incorrect as GDP accounts for only domestic production and not foreign activities. Details about how income is distributed is not given by GDP. GDP provides details about economic condition of the nation. GDP does not indicate wholesome well being of the nation like human development, infant mortality and standard of living.
GDP accounts for factory production but does not account for any production carried out at the cost of environmental degradation.
Sanctions put prohibited on actions related to specific nations, conduct themes, commodities and services, or people and companies. Cuba's economy is a mixed command economy that is predominately made up of state-run businesses.
The state employs the vast majority of the labour force. The Cuban Communist Party, which was in power throughout that decade, prohibited the creation of worker cooperatives and independent business ventures. Financial and trade limitations imposed on a foreign nation are referred to as economic sanctions. These limitations are meant to make life difficult for the citizens of the foreign country so that they would put pressure on the government to change its political policies.
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