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Ahat [919]
2 years ago
13

Which of the following represents frictional unemployment? i) The demand for refrigerators falls when the economy enters a reces

sion, and refrigerator manufacturers lay off some of their workers. ii) General Motors decides to close its U.S. factories and relocate its car manufacturing division to Canada. iii) After graduation you take a job in financial services, but the long hours don't appeal to you so you quit to find a job elsewhere. iv) Juan's fishing business can't cover its costs, so it closes. Juan is now looking for a new job.
Business
1 answer:
tatuchka [14]2 years ago
8 0

Answer:

The correct answer is option iii and option iv.

Explanation:

Frictional unemployment refers to the situation where unemployment is caused because of the shift from one job to the other.  

In the first option, the unemployment is being caused because of recession. This is an example of cyclical unemployment.  

In the second option, the unemployment caused by relocation is an example of structural unemployment.  

In the third and fourth options, the individuals are looking for a job of quitting another. This is an example of frictional unemployment.

You might be interested in
Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?
Alborosie

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

Equity = Assets - Liabilities

Therefore to calculate the equity above, we have:

Equity = $64,342 - $47,266

Equity = $17,076.

4 0
3 years ago
Mobile phones have evolved from devices intended to place and receive phone calls into handheld multimedia communications device
Bumek [7]

Answer: creeping featurism

       

Explanation: Creeping featurism is a slang used for the term feature creep. It refers to the problem faced by the consumers due to continuous addition of features in an existing product. These addition make the product more complex and hard to use for the users.

In the given case, some customers of mobile phone have a belief that the new features added to the phones have made it complex and less reliable.

     Thus, we can conclude that the given case is an example of creeping featurism.

7 0
3 years ago
Is it possible to make homogeneous shopping product into a heterogeneous shopping product? think about flat-panel televisions an
schepotkina [342]
No. I think it is not possible
3 0
3 years ago
Which of the following would decrease aggregate demand? a) an improvement in consumer confidence b) a decrease in the foreign ex
Alex_Xolod [135]

Answer:  Option B

                                 

Explanation: In simple words, aggregate demand refers to the total amount of goods and services that the consumers are willing to consume at a specific price and in a specified time.

A decrease in dollar value will result in less purchasing power for imports. This will result in less supply which will ultimately increase the price of the imported quantity, thus, resulting in decrease in aggregate demand.

8 0
2 years ago
The Bradford Company issued 10% bonds, dated January 1, with a face amount of $80 million on January 1, 2021. The bonds mature o
DIA [1.3K]

Answer:

I strongly believe that the requirement is to calculate the price of the bond.

The bond is worth $ 70,824,063.03  

Explanation:

It is noteworthy that a rational would-be investor would pay for a bond a price that reflects the cash flows receivable from the bonds in future discounted to today's terms.              

The future cash flows comprise of the semi-annual coupon interest of $4 million(10%/2 *$80 million) for 20 periods as well as the repayment of the principal $80 million at the end of period 20

Since coupon is paid every six months, the coupon would be twenty times over the life of the bond(paid twice a year for 10 years)        

To bring the cash inflows today's term, we multiply them them by the discounting factor 1/(1+r)^N , where is the yield to maturity of 12% and N is the relevant the cash flow is received.          

The discounting is done in attached spreadsheet leading $ 70,824,063.03 present value today.        

Download xlsx
5 0
3 years ago
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