Answer:
B. pay secrecy
Explanation:
Pay secrecy is the policy of the workplace that restricts the employees from discussing to the members about the amount of money they earn. At times such policies are mentioned in the handbooks of the employee and at other, the managers ask the employees not to disclose things related to their salaries.
Answer:
Productive resource
Explanation:
Productive resources are the resources used to produce the products and services that people need. There are 3 types of productive resources:
- human: human resources are strength, education and skills
- natural: given to us by nature, e.g. water, minerals, land, etc
- capital: goods needed to produce other goods or services. The automated check-in machine is a capital resource.
Human resources are the strength, education, and skills of people. Natural resources are the gifts of nature that are used to produce goods and services. Water, land, and minerals are examples of natural resources. Capital resources are the goods needed to produce or provide access to other goods and to supply services. Examples include buildings, equipment, tools, machinery, ports and other manufactured and constructed things.
Answer:
$11,875; $1,575
Explanation:
Total cost of starting an own business is as follows:
= purchase office supplies + monthly electricity bill has increased
= $75 + $50
= $125 per month
Total revenue = $12,000 per month
Opportunity cost refers to the cost of forgone something in order to choose some other alternative.
Opportunity cost or Implicit costs:
= Earning from Job + Income from garage apartment
= $10,000 + $300
= $10,300
(a) Barney's average monthly accounting profits:
= Total revenue - Total cost
= $12,000 - $125
= $11,875
(b) Barney's average monthly economic profits:
= Accounting profits - Implicit cost or Opportunity cost
= $11,875 - $10,300
= $1,575
Long term unemployment is defined as being unemployed for 27 weeks or more. In this example there are a total of 60 people, 52 people who would be categorized as short term unemployment and 8 people who would be categorized as long term unemployment.
In order to calculate the percentage of unemployment in each category you will need to divide the number in each category by the total number.
Short term = 52/60 = 86.7%
Long term - 6/60 = 13.3%
