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3 years ago

4. If a good is considered "normal" by economists, an increase in consumers' incomes will result in a decrease in the

Business

1 answer:

tatuchka [14]3 years ago

7 0

Answer:

b. False

Explanation:

A good is said to be 'normal' by economists if an increase in consumers' income bring about increase in demand for the good.

In other words, consumers will buy more of those goods when they have sufficient money due to availability of income.

Example of normal good is when the demand for household appliance like TVs or expensive clothes increases due to increase in income of consumers.

Whereas for an inferior good, demand for such good decreases as consumers' income increases.

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A recent college graduate with a major in economics attends a job fair but has not yet found a job. this graduate is counted as

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A recent college graduate with a major in economics attends a job fair but has not yet found a job. This graduate is counted as a Frictionally unemployed worker.

What is frictional unemployment?

Frictional unemployment happens when a person is voluntarily job searching or searching for a new career. Frictional unemployment isn't necessarily a bad thing. In fact, because frictional unemployment is voluntary, it can be a sign of a healthy economy. It means that employees are seeking new jobs and new careers

What is an example of frictional unemployment?

Examples of frictional unemployment include: Employees leaving their current positions to find new ones. Employees seeking a career change. Individuals entering the workforce for the first time after graduating from college or searching for their first job.

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1 year ago

__________is concerned with improving productivity and safety by designing workplaces, equipment, instruments, computers, workst

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Ergonomics is concerned with improving productivity and safety by designing workplaces, equipment, instruments, computers, workstations, and so on that take into account the physical capabilities of people.

<h3>What is ergonomics?</h3>

Ergonomics can be regarded as one that focus on designing and arranging of things in a way that is safe.

Therefore , ergonomics involves interacting in most efficiently and safely way with improving productivity and safety by designing workplaces.

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1 year ago

Adams County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their ow

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3 years ago

True or False: The term “academic training” refers primarily to formal classes taken in school.

Alla [95]

Answer:

False

Explanation:

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3 years ago

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Taxes represent __________ of the business. Multiple Choice an equity liability a cash inflow a cash outflow an accounts receiva

Eduardwww [97]

The taxes that are being paid by a business firm represents: C. a cash outflow.

Taxation can be defined as the involuntary and compulsory fees that are usually levied on individuals or business firms (entities) by the government, so as to generate revenues which are used in funding public institutions and activities.

Basically, these taxes that are being paid by individuals or business firms (entities) is considered as a cash outflow because it represents money that are flowing out of their accounts.

In conclusion, an amount of money that is flowing out of an account such as taxes is referred to as a cash outflow.

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2 years ago