Answer:
B.
Explanation:
equilibrium is pretty much self explanatory, both the demand and quantity has to be equal
Answer:
The correct answer is option ii.
Explanation:
In the case of imposition of tax on a good, the suppliers will bear the greater share of burden if the demand is more elastic than the supply.
The imposition of tax leads to an increase in the price of the product. If the demand is more elastic, the quantity demanded will decrease to a greater extent with the increase in price.
The supply being less elastic will change to a smaller extent, thus a greater tax burden will be borne by the suppliers.
Answer:
a. has chosen to participate in the labor market.
Explanation:
The formula to compute the labor-force participation rate is shown below:
Labor- force participation rate = Labor force ÷ Population of working age
By dividing the labor force with the Population of working age so that the labor force participation rate could come
Therefore, the option a is correct as it defines the participated in the labor market
Answer:
$1.5
Explanation:
Interest is compounded monthly.
The applicable formula for amounts after one month is
A = P + (1 + r)^n
P = principal amount $575
r is interest rate 3.1% per year or 3.1/12 per month =0.26% or 0.0026
n= 1 month
A = $575 +( 1+0.0026)^1
A =$575x 1.0026
A= $576.495
A= $576.5
Interest earned in the month
= $576.5 -$575
=$1.5
Such employment would fall outside the production possibilities curve as the values plotted on that curve would be the minimum unemployment levels. The usual figure to use is % unemployment so most likely the differing levels shown would be for unemployment ie 10% above the curve and say 5 % on the curve.
