When using the expenditure approach, we are looking at the total spending of a business that is included in the equation to compute for GDP. For this, I would say government purchases is the answer because government purchases would take up the biggest chunk of a country's revenue for development and imports.
Answer:
Option (c) is correct.
Explanation:
Labor (Variable input) hired = 151 units
After hiring this much units of labor, a firm incurred:
Marginal cost of hiring (MFC) = $0.30 and marginal product of labor (MRP) = $0.33
The firm continuing hiring new labor until the point at which marginal cost of hiring labor is equal to the marginal product of labor.
In this case, MFC is less than the MRP, so firm should increase the use of labor till the MFC becomes equal to the MRP.
Answer:
There are many effects. They equate for a large portion in the fast food industry
Explanation:
This is an example of<u> "deductive reasoning".</u>
Deductive reasoning is a coherent procedure in which a conclusion depends on the concordance of numerous premises that are commonly thought to be valid.
Deductive reasoning is sometimes alluded to as top-down logic. Its partner, inductive thinking, is some of the time alluded to as base up rationale. Where deductive thinking continues from general premises to an explicit end, inductive thinking continues from explicit premises to a general end.
Answer:
The correct answer is "option B".
Improving a widely used job-search website so that it matches workers to job vacancies more effectively
Explanation:
The demand for labor among cotton-producing Texas will firms in Texas will <u>increase.</u> This will happen because of the increase in world price leads to increment in wages.
The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will <u>decrease</u>. This is because cotton is an input. The increase in price of cotton increases the cost which reduces the profits which leads to less hiring of workers.
The temporary unemployment resulting from such sectoral shifts in the economy is best described as <u>frictional</u> unemployment.
Government measures to reduce frictional unemployment is:
<em>Improving a widely used job-search website so that it matches workers to job vacancies more effectively</em>
The option C is not correct, because, another measure that the government uses is to withdraw benefits to short-term unemployed. There would be a greater incentive for workers to find work quickly.
