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Aloiza [94]
3 years ago
10

The three people described below are categorized as unemployed by the Bureau of Labor Statistics,

Business
1 answer:
taurus [48]3 years ago
5 0

Answer: a) Cyclically unemployed

b)Frictionally Unemployed

c) Structurally Unemployed

Explanation:

First off let us define each.

Frictional Unemployment is the simple movement of people from one job to another or simply people entering the job market for the first time.

Structural Unemployment is as a result of people losing jobs due to a mismatch in skill or preference as well as the rise of technological or Economic Advances.

Cyclical Unemployment occurs when people lose jobs because the Economy is see hard times and cannot give people full employment.

Now that we have a rudiment grasp, let us categorize.

a. Lucia is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. CYCLICALLY UNEMPLOYED.

b. Ginny is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area. FRICTIONALLY UNEMPLOYED.

c. Eric left his job as a plumber when his wife took a position in another region. The quantity of plumbing services demanded is considerably lower in the new region, in part because of high, union-negotiated wages. He would like to work at the high union wage but remains unemployed due to a lack of plumbing jobs. STRUCTURALLY UNEMPLOYED.

If you need any clarification do comment.

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Answer:

c

Explanation:

if it was never in stock its misleading and a fraud

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3 years ago
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A report indicated that the average real wage in manufacturing declined by 2 percent between 1990 and 2000. If the CPI equaled 1
inn [45]

Answer:

W = $27.34

Explanation:

Given data:

Percentage Decline in average income is = 2%

CPI in 1990 1.30

CPI in 2000 is 1.69

Average nominal wage is 2000 is $35

Inflation rate is given as

Inflation rate = % Change in CPI

                    = (1.69 / 1.3) - 1

                    = 1.3 - 1 = 0.3 = 30%

Real wage = Nominal wage / Price level,  hence

Percentage change in real wage = % Change in (nominal wage - inflation rate)

-2% = % Change in nominal wage - 30%

% Change in nominal wage = 28%

let nominal wage in 1990 is w

W\times 1.28% = $35

solving for W = $27.34

8 0
3 years ago
Which of the following is a a form of ownership in which each owner of stock in a cooperative apartment building or housing corp
Maslowich

Answer: Cooperative Ownership

Explanation: In a cooperative ownership, the buyer receives shares of stock in the building corporation and a lease or assignment of the seller's lease of the apartment being sold.A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.Buying a house or renting an apartment aren't the only living arrangements available in the marketplace. Housing cooperatives, colloquially known as co-ops, provide an alternative to the traditional methods of acquiring a primary residence.

5 0
4 years ago
Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals i
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140 luncheons, 160 dinners

Explanation:

7 0
3 years ago
Majid Corporation sells a product for $195 per unit. The product's current sales are 42,300 units and its break-even sales are 3
evablogger [386]

Answer:

$1,389,375

Explanation:

Data provided as per the question:-

Product per unit = $195

Current sales = 42,300 units

Break-even sales = 35,175 units

The computation of margin of safety in dollars is shown below:-

Margin of safety (in units) = Total sales - Break-even sales

= 42,300 - 35,175

=7,125 units

Margin of safety (in dollars) = Margin of safety × Product per unit

=(7,125 × $195)

= $1,389,375

5 0
3 years ago
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