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3 years ago

What causes unemployment post-keynesianism?

Business

1 answer:

Harlamova29_29 [7]3 years ago

4 0

Answer:

involuntary employment

Explanation:

The Post-Keynesianism view is that effective demand is the main determinant of economic performance.

Thus, Keynesianism states that in an economy where there is a significant reduction in demand, it will affect the labor market which further leads to lower wages.

For example, an airline that has 100 workers is experiencing a sharp decline in demand (of flight bookings) because of a government lockdown may decide to cut down their staff capacity ad a result. leading to involuntary employment.

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Drafi Arts Corp. makes and sells original handicraft products. The management of the company has been successfully using a niche

Lerok [7]

Answer:

It only serves a limited geographic market.

Explanation:

In this regard, it can be said that the company Drafi Arts Corp serves a limited geographic market, because it is a company that has been using a successful niche market strategy for years, which means that it manages to meet a demand for handicrafts from location, which sets up its strategy to serve a specific market.

4 0

3 years ago

On June 1, Royal Corp. began operating a service company with an initial cash investment by shareholders of $3,900,000. The comp

ankoles [38]

Answer:

$7,500,000 $4,400,000

Explanation:

Accrual concept requires to record the income and expenses in the period in which they are incurred rather when these get paid.

Cash basis accounting records the transaction when it gets paid.

Service Income $7,500,000

Expenses $3,100,000

Cash Dividend $820,000

Cash Basis

Income Statement

For two month ended 31 July.

Service Income $7,500,000

Expenses $0 (Expenses been paid In August)

Net Income ($7,500,000)

Accrual Basis

Income Statement

For two month ended 31 July.

Service Income $7,500,000

Expenses $3,100,000

Net Income ($4,500,000)

3 0

3 years ago

Indirect labor and indirect materials are classified as factory overhead and product costs factory overhead and period costs ope

Dvinal [7]

Answer:

True

Explanation:

Product costs are the costs directly incurred from the manufacturing process. The three basic categories of product costs they are;

1) direct material

2) direct labour

3) manufacturing (factory) overhead.

Manufacturing overhead cost also include the following;

a) indirect labour: Indirect labor is the labor of those who are not directly involved in the production of the products.

b) indirect material: Indirect materials are materials that are used in the production process but that are not directly traceable to the product.

4 0

3 years ago

Real GDP per capita is NOT an adequate measure of

mrs_skeptik [129]

Answer:

The correct answer is the well-being of each person in an economy.

Explanation:

Also known as the "Standard of living", this is something that cannot be reflected from the per capital income, whether it's nominal or real. The reason is when you divide the GDP from the population, the assumption is all the GDP is distributed among the population equally.

But this is not the case in the real world and there are many variances, discrimination, discrepancies and inequalities when the wealth and resources are distributed.

5 0

3 years ago

Which of the following would NOT be classified as a current asset on a classified balance sheet? 答案选项组 Intangible assets Short-t

Zinaida [17]

Answer:

Intangible assets

Explanation:

A classified balance sheet is a financial statement that classifies the components in the balance sheet into different groups. For example, assets are classified into current or non current asset

Current assets are all the assets that are either used by a company or sold in the course of the year of the company.

Current assets include

cash, cash equivalents
accounts receivable
stock inventory
marketable securities
pre-paid liabilities

Intangible assets are classified as noncurrent (long-term) assets

5 0

2 years ago