Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.
<h3>Forgone labour output </h3>
Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.
The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.
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Answer: The correct answer is choice c.
Explanation: Asymmetric information is the term that is used to refer to a situation in which on part to an economic transaction has less information than the other party. This term is also known as information failure.
Answer: weak position power
Explanation: In simple words, position power refers to the authority that one possess over others in an organisation due to the position in the managerial hierarchy such individual holds. The position power work as a base line for the senior subordinate relationship in a firm.
The position power makes flow of communication vertical, that is, from downward to upward and vice versa, which creates a sense of respect and fear among the subordinate towards their seniors.
In the given case, Abigail is the department manager and the other participant on which she wants to make order to holds same position as she do. Thus, there is no senior subordinate relationship among them which concludes weak position power.
Hello!
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The answer to your question is "Moore's Law".
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The rule of thumb that predicts that cpu capacity will double every two years is called Moore's Law.
:)
Employees should complete their workplace climate surveys and an ethical entrepreneur should take the responsibility for that. Yes, the given statement is true.
<h3>What do you mean by organizational ethical climate?</h3>
The ethical atmosphere of the work environment and the level of ethics practiced within a company can be defined as an ethical climate. The five types of climates that can exist in an organization are Instrumental, caring, law and order, rules, and independence.
Hence, it is true that employees should complete their workplace climate surveys and an ethical entrepreneur should take the responsibility for that. Yes, the given statement is true.
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