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Georgia [21]
3 years ago
7

7. Why might some construction workers be paid more than some teachers?​

Business
1 answer:
DENIUS [597]3 years ago
4 0

Answer:

hazard pay

Explanation:

in the working field if your job is considered dangerous you get hazard pay for "potentially risking your life" while as ateacher there is not a similar threat.

hope this helped!!

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At the equilibrium level of income in the Keynesian model, which of the following statements is nottrue?
ZanzabumX [31]

Answer:

c. There are more unemployed resources.

Explanation:

Equilibrium level of income is the level of income where aggregate supply in the economy is consistent with aggregate demand. that is the level of income planned savings is equal to planned expenditure. the equation can be written as S = I. where S = savings and I = investments

At equilibrium income level, aggregate expenditure is equal to aggregate output. The equilibrium equation can be written as Y = C+I+G+X-M where

Y = national income, I = investment expenditure of the firm, G = government expenditure on goods and services, X = export, M = import.

7 0
3 years ago
(last word) based on economic theory and research on tuition costs and student borrowing, the best way to reduce tuition costs f
Rina8888 [55]

Answer:

Increase Subsidies for student loans.

Explanation:

By increasing subsidies on student loan, student can acquire higher loans to pay off tuition fees because they are sure of paying back less loan and lesser interest on the loans.

7 0
3 years ago
A mutual fund in which shares are issued only when the fund is organized is called a(n) __________ fund.
nadezda [96]
The answer is closed-end.
7 0
3 years ago
During the course of a year, the labor force consists of the same 6,000 people. Employers have chosen not to hire 420 of these p
dybincka [34]

Answer:

5%

12%

Explanation:

Unemployment rate is the fraction of the labour force that are unemployed but are actively looking for work

Types of unemployment include:

Frictional unemployment : it is the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. The 300 unemployed people are frictionally unemployed

structural unemployment : it occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition . Structural unemployment tends to be permanent. The 420 unemployed people are structurally unemployed

Voluntary unemployment : e.g. worker at a fast-food restaurant who quits work and attends college.

Cyclical unemployment : occurs as a result of fluctuations in the economy

Frictional unemployment = (total frictional unemployed people / total labour force ) x 100

(300 / 6000) x 100 = 5%

Total unemployment rate = (total frictional unemployed people + total structural unemployed individuals / total labour force ) x 100

[(300 + 420) / 6000] x 100 = 12%

7 0
2 years ago
Please answer the following questions to describe an instance in which you, an acquaintance, or family member has experienced an
AlexFokin [52]

Answer:

The externality that affected me was the U.S. recession of 2018.  

Explanation:

The externality is the term that refers to a variation in a outside factor that end up affecting persons involve in a business that is not related directly to the outside factor that changed.

1. The 2008 recession made harder for me to get a job in the restaurant sector even though the prices of the restaurants and hotels continued to be the same, many person have to cut their expenditure in tourism as the recession significantly impacted the financial institutions and many persons were laid off from their jobs which decreased consumption.  

2. The effects of the recession were: increase in the unemployment, decrease in the consumption, increase in foreclosures.  

3. I experienced decrease in my quality of life as it was harder for me to keep a job for a long time. Most of jobs were part time therefore it was a time where I have to live on my savings.

4. Pollution is best reduced if companies take conscience of the fact that they have a greater impact on the environment than individuals. This will lead to better business practices in the manage of residuals and raw materials.  

5. A positive externality can create a bubble in the prices and overestimate the actual value of an asset e.g. cryptocurrencies bubble was a positive effect for some investor that really knew the value of this securities but in the long run it created a bubble and people that did not know about cryptocurrencies invested and lost most of their money.

3 0
3 years ago
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