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Alexxandr [17]
2 years ago
15

Suppose that many auto and steel plants close in a country. Thousands of workers lose their jobs in a short period. If the count

ry has been enjoying prosperous times, it may now be headed into what phase of the business cycle? Describe other conditions that might begin to occur.
Business
1 answer:
sdas [7]2 years ago
8 0
The country is headed for the CONTRACTION PHASE OF THE BUSINESS CYCLE. When the contraction turns to negative it is called RECESSION.
During recession, the economy will experince mass layoffs of workers and unemployment level will increase. At this point economic growth will be considerable weaken and the GDP growth will be under 2%. Stocks will enter bear market and investors will begin to sell their shares.
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The labor-supply curve is affected by the trade-off between labor and leisure.
NikAS [45]

TRUE.

The labor-supply curve is affected by the trade-off between labor and leisure.

The  opportunity cost of leisure depends on the wage rate, it increases and people supply more labor. Main factors determining the labor supply curve how desirable the work appears to its employees relative to the alternatives available in the market.

Other factors that encourages are government policies and procedures that are labor and trade effective or not. The quantity of workers trained for a particular job specifications. The number of workers in economy and the education required further.

To learn more about labor supply here,

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4 0
2 years ago
Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i
Yanka [14]
The answer is D personal
3 0
3 years ago
Which one sounds better?<br> Basic Betty OR Basic Betsey
Arlecino [84]

Answer:

Basic Betty

Explanation:

Sounds more normal

6 0
3 years ago
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Although it does not explicitly endorse traditional gender roles, which sociological perspective implies that dividing tasks bet
Licemer1 [7]

The functionalist perspective is the sociological perspective that implies that dividing tasks between spouses is beneficial for the family unit even though it does not explicitly endorse traditional gender roles.

<h3>What is a functionalist perspective?</h3>

This refers to the social view that our society is a relatively stable and orderly system composed of interdependent and interrelated parts

The key points about functionalist perspective are:

  • It view social change as a strain on the system
  • It attempts to explain social stability.

Hence, because the Functionalists believe that society is held together by social consensus where members of the society agree upon and work together to achieve, then, it is the sociological perspective that implies that dividing tasks between spouses is beneficial for the family unit even though it does not explicitly endorse traditional gender roles.

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3 0
2 years ago
How supply and demand work together to reach the equilibrium price in the marketplace? Please give at least a paragraph. Thank y
grandymaker [24]

Answer

Before I answer this question, you must note that the equilibrium price is created by both the amount supplied of a certain product as well as how much "customers" there are (or the amount that is bought in all).  This however, is usually not taking account any potential competitors.

For example, let say that the price in creating the product (or buying) is $15. This means that right now, the company loses $15 for one of the products. To make a profit, the selling price must be >$15. However, (unless they are a monopoly, such as, for example, electrical companies) there are competitors that they must fight with to get customers. Of course, there are other things that can affect the price, depending on the demographic and area.

So how does supply and demand affect the equilibrium price? The limits of the supply & the amount of demand would help determine the price by the amount of people buying and the supply of the product.

~

6 0
2 years ago
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