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Leviafan [203]
4 years ago
10

Marc is a high school graduate and currently works as a corrections officer at a local prison. He would like to go back to schoo

l to train to become a police officer someday. When computing the official unemployment rate, Marc is considered:
A. underemployed.
B. unemployed.
C. employed.
D. a discouraged worker.
Business
1 answer:
Tatiana [17]4 years ago
4 0

Answer:

Option (c) is correct.

Explanation:

In this situation, he is considered as employed. Presently, he is working as a correction officer and this job is suitable according to his qualifications. If he is trained and still working in a same department at a same job position then this situation is considered as an underemployed.

Hence,

While computing the official unemployment rate, the Marc is considered as an employed.

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Household behavior with respect to changes in income can be described by the marginal propensity to consume (MPC) and the margin
Citrus2011 [14]

Answer: Greater the MPC

Explanation:

The Marginal Propensity to consume refers to how much Economic consumption increases or decreases due to a change in income.

The formula for MPC is;

= Change in Consumption/Change in Income.

Consumption is a major component of GDP so it has a direct influence on Economic output. In other words, the larger the level of consumption, the higher the higher the output.

As evident from the equation, if the change in consumption is higher than the change in income, the MPC will be larger. A larger MPC therefore corresponds to a higher Consumption.

If a higher Consumption leads to a larger output and a larger MPC corresponds to a higher Consumption then that means that a higher MPC leads to a larger output.

5 0
3 years ago
Organizational variables include decision rights, business processes, formal reporting relationships, and ____________. 1. forma
Dovator [93]

Answer:

The correct answer is number (4): informal networks.

Explanation:

Organizational variables are those components of the organization that influence in the decision-making. There are four main organizational variables:

  • Decision rights: authority to initiate, approve, implement, and control decisions.
  • Business processes: tasks needed to fulfill corporate goals.
  • Formal reporting relationships: structure to set up the coordination line within the firm.
  • Informal networks: groups that transmit information outside the formal reporting relationships.
6 0
4 years ago
How might the inflationary flashpoint affect policy decisions? How would you represent the flashpoint on the Phillips curve?
NNADVOKAT [17]

Answer:

  • Effect of inflationary flashpoint : Economic policies become tightened
  • At the point where Unemployment is lowest in the Philips curve represents The flashpoint in Philips curve

Explanation:

Inflationary flashpoints are the points where the aggregate supply curve experiences a very rapid/sharp increase

The Inflationary Flashpoint can affect policy decisions in ways that it will lead to an increase in unemployment caused by the increase in Inflation, and this will cause the economic policies to become tightened in order to curb the effects of Inflationary flashpoints

The Inflationary flashpoint is represented in the Philips Curve ( relationship between the inflation and unemployment rate ) at the point where Unemployment is lowest in the curve  

5 0
3 years ago
Why are many entrepreneurs uncomfortable on a relaxing vacation
Kisachek [45]
Because they feel a strong sense of urgency about their ideas.
5 0
3 years ago
Read 2 more answers
The Candle Shop experienced the following events during its first year of operations, Year1
zhenek [66]

Answer:

a) 1. Acquired cash by issuing common stock  ⇒ Asset Source

2. Paid a cash dividend to the stockholders  ⇒ Asset Use

3. Paid cash for operating expenses  ⇒ Asset Use

4. Borrowed cash from a bank  ⇒ Asset Source  

5. Provided services and collected cash  ⇒ Asset Source

6. Purchased land with cash  ⇒ Asset Exchange

7. Determined that the market value of the land is higher than the historical cost  ⇒ Not applicable

 

b) I used an excel spreadsheet because there is not enough room here.  

Download pdf
3 0
3 years ago
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