Answer:
The correct answer is B. Labor demand is less elastic when a large amount of labor is essential to the production process.
Explanation:
Inelastic demand is one that is not very sensitive to sudden changes in its quantity, even in the face of important changes in the context in which they operate, such as a change in the price if it is a product for sale, or in the working conditions or wages if you talk about labor demand.
Thus, in the case of a job in which high amounts of labor are needed, the labor demand will remain stable despite these changes, as workers will perceive that it is a position of easy access and hiring.
Answer:
C. all goods and services that are in demand
Explanation:
Macroeconomics, as a branch of economics, is concerned with the performance of the economy as a whole. Macroeconomics studies the key economic indicators such as unemployment rate, growth rate, aggregate demand, inflation, and price levels. The government uses data form macroeconomic analysis to formulate policies and strategies for the country.
While microeconomics will be concerned with the income and expenditures of individuals and households, Macroeconomic will consider the consumption and revenues of the entire population. Microeconomics studies the demand for a single product. Macroeconomics focuses on the aggregate demand for products and services in a country, which is more like the GDP.
Answer:
(A) Successive price changes are independent of each other
Explanation:
Random walk theory claims that past information and trends cannot be used to predict future price movement of the stocks since as per the theory, stock price movements are unpredictable and walk(move) randomly.
The theory further suggests that stock prices have same distribution and are independent of one another. It means there is no correlation between price movements of two different stocks.
Thus, Stock prices follow a random walk implies that successive price changes are independent of each other.
Answer:
The answers are:
Explanation:
In order for an individual to be considered unemployed, the individual must be over 18 years old, be currently out of job, but actively seeking a new job.
The current unemployment rate in the US is 3.7% (as of August 2019) while the unemployment rate in the EU is 6.2%.
In order for an individual to collect unemployment benefits, usually he or she must meet the following requisites:
- They must be out of work through no fault of their own.
- They must meet minimum earnings or job tenure requirements.
- They must be able, available, and actively seeking work.
Answer:
$254,000
Explanation:
First and foremost,the cash of $9,200 collected in respect of debt already written off as uncollectible would not affect the balance in accounts receivable since the debt would reinstated and also taken out of accounts receivable simultaneously.
The change in accounts is the difference between the sales on account of $596,000 and collections in respect of accounts receivable of $342,000
change in accounts receivable=$596,000-$342,000=$254,000
