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Ivenika [448]
3 years ago
15

Thousands of people have lost their jobs because the economy is shrinking. This unemployment is an example of _____. Frictional

unemployment Cyclical unemployment Seasonal unemployment
Business
2 answers:
Ad libitum [116K]3 years ago
7 0

Thousands of people have lost their jobs because the economy is shrinking. This unemployment is an example of<u> "cyclical unemployment".</u>


Cyclical unemployment is when workers lose their positions in view of downturns in the business cycle. You can tell when the economy decreases by estimating total national output. In the event that the economy contracts for two quarters or more, it's in a recession.  

Cyclical unemployment is impermanent. It relies upon the length of the contraction. A normal recession endures around year and a half. A depression can last ten years.

VLD [36.1K]3 years ago
6 0
Thousands of people have lost their jobs because the economy is shrinking. This unemployment is an example of <span>Cyclical unemployment.
</span>
Our economy experiences several ups and downs which goes in cycle, this is what we call cyclical unemployment.  It happens when the economy enters a recession, lots of the jobs lost which are considered cyclical unemployment. This unemployment is very dangerous because it weakens the economy--it is when people aren't working and spending less money.
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3 0
2 years ago
The international agency that administers trade agreements, facilitates trade negotiations, and helps to resolve trade disputes,
Zepler [3.9K]
World Trade Organziation
3 0
2 years ago
Gabriel applies for a home loan and, mark signs the agreement promising to pay off the debt in case gabriel fails to do so. in t
Gemiola [76]
The answer is letter a, cosigner. Mark is a cosigner is someone who is in charged of the other person's debt when that person he's in signed with wasn't able to meet the requirements or fail to pay or comply. That is why Mark is considered to be a cosigner of Gabriel if Gabriel fails to comply to pay the loan and Mark is in charged to settle it if Gabriel fails to do so.
6 0
3 years ago
I. the European Union
svet-max [94.6K]

Answer:

C). I, II, and IV only

Explanation:

The Association of Southeast Asian Nations (ASEAN), the European Union (EU), and the North American Free Trade Agreement (NAFTA) are bodies that promote trade and economic cooperation among member countries.  They are treaties that aim are accelerating economic and social integration by eliminating or minimizing restrictions on the movement of people and commodities across borders.

Opec is an association of oil-producing countries. Its objective is to have similar oil policies in member countries. Opec is a cartel-like group that aims at controlling international oil prices.

8 0
3 years ago
A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 200 units is $4
sattari [20]

Answer:

It must shut down

Explanation:

Even at the lower average variable cost, which is 3.50 dolllar will be lossing money given a market price of 3.00 dollar

Considering is not making enough to cover the variable cost the best option is to shut down and only take a hit for the fixed cost  until it can totally exit the market. If it tries to produce it will only make thinks worse as producing generates more losses

6 0
3 years ago
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