Answer: Blue spruce university Basketball games
Explanation: The Sale of Season tickets = $45 *10= $450
while the total revenue accrued after the first game=6800*450=$3,060,000
Answer:
<em>Frictional unemployment created by sectoral shifts </em>
Explanation:
Frictional unemployment <em>happens throughout a phase when employees are looking for new jobs or are transferring from old jobs to newer ones.</em>
It can even be defined as natural unemployment as it is not directly linked to factors that contribute to an economy that is performing poorly.
A new global trade agreement leads to higher demand for export-sector workers and lower demand for workers in import-competing sectors. Workers need time to change sectors, and sectoral shifts lead to frictional unemployment
Answer:
The government needs to revamp the Social Security program to make it sustainable.
Explanation:
A normative economic statement is always a suggestion for the economy, whereas a descriptive economic statement is a statement providing information, as it states the facts and do not provide any suggestion.
Here, in given instance the statement,
Government needs to improve or form the Social Security Program, so that the program is sustainable, is a suggestion and not a fact.
Thus, it is a normative economic statement.
Answer:
increase his consumption of product Y and decrease his consumption of product X
Explanation:
Base on the scenario been described in the question, Oscar make purchase of a X product which he already has, which after consuming has a 10 utils costing him $5, he also purchase another product Y he which after consuming has 8 until costing, this suggest that Oscar reduce his consumption on X and increase his consumption on Y according to the equal marginal principle.
The equal marginal principle talks about the behavior of a consumer in sharing his available income within various goods and services. This law states that how a consumer distributes his money income within various goods to be able obtain maximum satisfaction.
A decline in the growth rate of labor productivity means that the growth rate in the number of goods or services that can be produced by 1 hour of work has declined.
<h3>What is the labor productivity growth?</h3>
This is used to refer to the growth in the output. This is measured by increase in workers productivity per hour.
It is what causes them to produce more than they would given the number of work hours available.
Read more on labor productivity here:
brainly.com/question/6430277
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