Answer:
The correct answer to the following question is D) interest rates would be increased by the government when there is almost full employment in the economy.
Explanation:
When in the economy, business are producing close to productivity and in the nation there is almost full employment , then it can be said that the economy is booming . Which means there is good amount of money supply in the economy and people are spending robustly and that means the demand is high , which ultimately tells that the prices of goods and services are high.
So to cut the prices, government will increase the interest rate which will lead to the increase in cost of borrowing, and that will cause decrease in money supply and demand will ultimately fall, which leads to decrease in prices of goods and services.
Business used mass production to decrease prices and increase profits because since there was many of one product the prices had to decrease so people could afford the products and if more people buy the products then the businesses will gain more profits from it ( from mass production) .
Answer:
A. the rental incomw darnell could receive if he choose to rent out his showroom
Answer:
The correct answer is B. indirect blindness.
Explanation:
Blindness is lack of vision. It can also refer to vision loss that cannot be corrected with conventional lenses or with contact lenses.
Partial blindness means that you have very limited vision.
Complete blindness means that you cannot see anything and DO NOT see the light. (Most people who use the term "blindness" mean complete blindness.)
People with less than 20/200 vision with glasses or contact lenses are considered legally blind in most states in the United States.
Vision loss refers to partial or complete loss of vision. Such loss of vision can happen suddenly or over time.
Answer:
there will be fewer labor hours purchased by employers than at the equilibrium wage. none of the above
Explanation:
Equilibrium in economics means balance. Equilibrium wage rate refers to the market wage rate where the quantity of labor supplied matches the labor demanded. It is the wage rate that employers are willing to pay, and workers are ready to accept each hour of labor. The equilibrium wage represents the intersection of labor demand and supply curves.
If the wage is set above the equilibrium rate, it will force employers to pay more than they are willing. Employers will be paying more to workers than the value they are receiving. The hiring of many workers will be uneconomical. Employers will hire fewer workers to keep their costs down.
