Which american job sector has greatly increased since the oil crisis of 1973?

1 answer:

7 0

The service jobs, service workers
in section of working class / middle class
-manufacturing jobs have gone down since 73'

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Jacques lives in San Diego and runs a business that sells boats. In an average year, he receives $728,000 from selling boats. Of

Gwar [14]

Answer:

1. implicit cost

2. explicit cost

3. implicit cost

4. explicit cost

Explanation:

Implicit costs refer to those costs that represent opportunity cost. In simple terms they are notional or those which haven't been actually incurred but considered.

Opportunity costs refer to the cost of sacrificed alternatives when an alternative is opted for. For instance, a student pursuing post graduation incurs implicit cost in the form of income foregone had he chosen to work instead for the same duration.

In the given case, the foregone rental income Jacques would've earned had he chosen to rent out his showroom represents opportunity cost or implicit cost.

Similarly, the salary Jacques sacrificed by working in boat business represents implicit cost.

The wages and utility bills that Jacques pays and wholesale cost which he pays represent costs which have actually been incurred, which are termed as explicit costs.

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4 years ago

What is an economic and non economic activity explain me in short and give one example each

Sonbull [250]

Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.

Explanation:

4 0

3 years ago

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To create strong partnering relationships, marketing channel members must develop mutual trust, openly communicate, have common

Mariulka [41]

It is important that members of marketing channel develop the willingness to invest in each other's success to create strong partnering relationships.

<h3>Who are members of marketing channel?</h3>

In a marketing channel, these member are the individuals that help the producer to channel their products to consumers.

The members of marketing channel includes a wholesales, retailers, agent etc.

In conclusion, these member must always be willing to invest in each other's success to create strong partnering relationships.