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AveGali [126]
3 years ago
8

Describe the role that workers play in the game of economics.

Business
1 answer:
uranmaximum [27]3 years ago
4 0
They function as consumers and producers because while they work, they are creating goods/ providing services that contribute to the economy. When they get paid, they become consumers who buy goods/pay for services.
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A T-bill quote sheet has 90-day T-bill quotes with a 5.77 ask and a 5.71 bid. If the bill has a $10,000 face value, an investor
Leona [35]

Answer:

a. $9,857.25

Explanation:

Price = Face value * (1 - Bid*Days/360)

Price = $10,000 * (1 - 5.71%*90/360)

Price = $10,000 * (1 - 5.71%*0.25)

Price = $10,000 * (1 - 0.014275)

Price = $10,000 * 0.985725

Price = $9,857.25

6 0
3 years ago
If prices of a good or service are expected to increase in the future, the demand for that good or service will ______ today. If
liubo4ka [24]

The current <u>demand falls</u> if the prices are likely to increase in the future whereas the current <u>demand rises</u> if prices are likely to decrease in the future.

<h3>What is demand?</h3>

Demand is one of the market factors that tells about the goods being purchased by the customers.

When the rates of goods are expected to be rise in the future, then the demand for those goods would downfalls. In contrast, the reverse case will make the demand enhancing. The rise or fall in demand also directly affects the supply by the producers.

Therefore, there is an inverse relationship between futuristic prices and the current demand for products.

Learn more about the demand in the related link:

brainly.com/question/10489478

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5 0
2 years ago
Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the.
zimovet [89]

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the the larger is the deadweight loss of the tax.

<h3>What Is a deadweight loss of taxation? </h3>

The measurement of loss brought on by the introduction of a new tax is referred to as the deadweight loss of taxation. This is the outcome of a new tax that is higher than what is typically paid to the taxing body of the government. A tax's impact on consumer surplus is known as "deadweight loss."

The amount of money the government makes when a tax is imposed on a good is exactly equal to the surplus that the tax causes to be lost by consumers and producers. A deadweight loss occurs when supply and demand are out of balance, leading to market inefficiencies. Deadweight losses are generally caused by an inefficient resource allocation that is brought about by a variety of interventions, including price floors, ceilings, monopolies, and taxes.

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The complete question is:

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal:

a. the smaller is the response of quantity supplied to the tax.

b. the larger is the tax burden on sellers relative to the tax burden on buyers.

c. the larger is the deadweight loss of the tax.

d. All of the above are correct

8 0
1 year ago
The new technological capability that allows employees to work from locations other than their office and log into their company
qwelly [4]

Answer:

True

Explanation:

Telecommuting is described as the ability to work remotely. Telecommuting means having to work from anywhere other than the conventional office as long as there is a computer with an internet connection.

Telecommuting is being widely embraced  by various companies in different fields such as tech etc.  There are advantages as well as disadvantages to telecommuting. Some of the advantages include less stress for the employee, increased savings for both the employee and the employer, increased productivity in most cases etc. Disadvantages include distractions, less social interactions with humans etc.

The recent outbreak of the COVID-19 has seen more companies embrace the remote option as it keeps their employees safe from the deadly virus as a result of reduced body contact with potential carriers.

Without a doubt, telecommuting is the future.

4 0
3 years ago
What is the issue discussed in the cartoon?
Arturiano [62]
He refused to help enslaved people escape
8 0
3 years ago
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