1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IRINA_888 [86]
2 years ago
15

When labor unions successfully bargain for wage rates that are _____ the equilibrium wage rate, they may cause _____. higher tha

n; an increase in structural unemployment equal to; shortages in that labor market lower than; frictional unemployment higher than; shortages in that labor market
Business
1 answer:
Delicious77 [7]2 years ago
3 0

Answer:

When labor unions successfully bargain for wage rates that are HIGHER THAN the equilibrium wage rate, they may cause AN INCREASE IN STRUCTURAL UNEMPLOYMENT.

Explanation:

When a labor union bargains for wages that are above equilibrium rate, this will produce the same effect as a price floor. The supply of labor will increase, while the demand for labor will decrease. This deadweight loss generated by high wages will result in an excess supply that will eventually lead to higher structural unemployment.

You might be interested in
What industry cannot rely on estimation
jeka94

There is no industry which can not relay on estimation, all industries needs estimation.

The two primary categories of this profession are construction and manufacturing, according to the Bureau of Labor Statistics. It states that more than half of all cost estimators work in the construction industry, where they may further specialize in projects for homes, businesses, industries, or the government.

Cost estimation aids in setting the project budget, planning the required work, and managing new resources. Cost estimates are also of the utmost importance when trying to win over new clients. Before starting actual building, property owners also utilize cost estimates to evaluate the viability of their projects.

Learn more about estimation here

brainly.com/question/107747

#SPJ4

7 0
2 years ago
LO 7.2What operating budget exists for manufacturing but not for a retail company?
belka [17]

Answer:

Production Budget

Explanation:

Production Budget is usually substituted <em>with</em> Purchasing budget for a retail company.

The operating budget usually consist of the:

  • sales budget,
  • production budget,
  • manufacturing overhead budget.

However, for a retail company that usually do not produce their products or inventory but purchase them, the Production Budget is usually substituted <em>with</em> Purchasing budget or merchandise inventory to be purchased; meaning since they do not have raw materials they<em> substitute </em>the number of units to be purchased, to the number of units to be produced.

8 0
3 years ago
On September 1, Year 1, Gomez Company collected $9,000 in advance from a customer for services to be provided over a one-year pe
Margaret [11]

Answer:

d. $9,000; $9,000

Explanation:

As cash received on January 1 in advance to provide service in one year which is completed on December 31. So all the Unearned revenue is recognized because service for 12 month has been performed so whole amount will be reported in Income statement for the year ended December 31. Only cash received is from the service revenue activity so, it is also reported as $9,000. correct option is d. $9,000; $9,000.

4 0
3 years ago
Your parents put $300 into an account paying 11 percent interest for you when you were ten. Ten years later they tell you that y
Flauer [41]

Answer:

The balance in the account = $851.8

Explanation:

The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years

.

This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:

<em />

FV = PV × (1+r)^(n)

FV-Future value

r- rate of return per period

n- Number of period

PV - 300

r-11%

DATA

FV- ?

PV - 300

n- 10

FV= 300 × 1.11^10 = 851.83

The balance in the account = $851.8

3 0
3 years ago
A perfectly competitive market is initially in long-run competitive equilibrium. each firm in the market is earning zero economi
Simora [160]
The answer to the question you are asking is e
4 0
2 years ago
Other questions:
  • Suppose an individual makes an initial investment of $2,000 in an account that earns 8.4%, compounded monthly, and makes additio
    10·1 answer
  • An example of an intangible asset is Question 8 options: land. a building. assembly cost. a patent.
    13·1 answer
  • About seven percen of those who try in any one year to quit cigarettes on their actually succeed
    12·1 answer
  • If any email asks you to click on a link to "confirm" or give your personal information, what should you do?
    15·1 answer
  • When sport leagues do not expand into a market that can support a franchise, or when they create rules to limit the movement of
    13·1 answer
  • Charles, Anna, Elle, and Adam are college friends and work in New York City. Comfortable living in New York occurs at about $40,
    14·1 answer
  • Portions of the financial statements for Software Associates are provided below. SOFTWARE ASSOCIATES Income Statement For the ye
    6·1 answer
  • LO 5.3The initial processing department had a beginning inventory of 750 units and an ending inventory of 1,350 units, and it st
    14·1 answer
  • The EZ Lawn Corporation manufactures lawn equipment such as lawn mowers, blowers, and trimmers. The lawn equipment is assembled
    15·1 answer
  • Range Economies of Scale Constant Returns to Scale Diseconomies of Scale More than 400 bikes per month Fewer than 300 bikes per
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!