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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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If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people t
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Answer:

If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people to try to find a job and employed people to want to work _______ hours.

a. more; longer.

The____ would _____.

b. quantity of labor supplied; increase.

Explanation:

Generally, when wage rates increase, this will led to an increase in the inflation rate. The problem is what happens if wages increase less than the inflation rate. This means that real wages will actually decrease once we adjust them to inflation. This will cause more people trying to get a job or working longer hours just to be able to pay for the same amount of goods as before.

In this example, the wage rate increased by 13.1%, but the inflation rate increased by 16%, so real wages decreased.

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Answer:

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Answer:

$136

Explanation:

Date      Transaction       Units         Cost           Total          

3             Purchase             5            $20             $100

10            Sale                     3

17            Purchase            10            $24            $240

20           Sale                     6

23           Sale                     3

30           Purchase           10             $30            $300

using the first in, first out method, the COGS is calculated based on the oldest price of the units in merchandise inventory:

6 units were sold on May 20th, 2 of them costed $20 (May 3rd purchase) per unit = $40, while 4 of them costed $24 (May 17th purchase) = $96. Total COGS = $40 + $96 = $136.

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When a third party knows that an agent is acting on behalf of a principal, but does not know the identity of the principal, the
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Partially disclosed or unidentified
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In ________, employees are given a voice in how they do their jobs and in how the company is managed.
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