Answer:
Hiring temporary workers and outsourcing work
Explanation:
Labour is a factor of production responsible for mental and physical efforts directed to production.
Labour shortage occurs when the demand for labor exceeds the supply. Labor shortage could lead to an increase in wages following the theory of demand. When demand exceeds supply, price tends to go up.
Labor shortage could be solved by hiring temporary workers or outsourcing work.
Temporary workers are workers that are employed for a specific period of time. Temporary staff are ad-hoc staff whose services are only needed at a particular time.
Outsourcing work is a situation where a company will hire another company or person to perform a task on their behalf. E.g, outsourcing the job of cleaners and security personnel to another company. It mean the company will bring its own staff to work in your company.
Temporary employment, whereby workers are engaged only for a specific period of time, includes fixed-term, project- or task-based contracts, as well as seasonal or casual work, including day labour.
Capital budget is the budget for major investment expenditures. Capital budgeting is the process of planning whether a certain investment will be a long term investment or a short term investment. Expenditure is the amount of money spent for a certain investment.
Answer:
d) increases, and the labor -force participation rate decreases
Bob and mary are financing $180,500 for a new home. their lender will approve an interest rate of 5% if bob and mary pay two discount points at closing. Cost them is $3,610.
A discount point is 1% of the loan amount. Bob and Mary are paying two points (or 2% of $180,500), which is $3,610.
What is discount points?
- Discount points are a shape of paid ahead of time intrigued that contract borrowers can buy to lower the intrigued rate on their consequent month to month payments.
- Discount points are a one-time expense, paid up front either when a contract is to begin with orchestrated or amid a refinance.
- Each markdown point for the most part costs 1% of the overall credit and brings down the loan’s intrigued rate by one-eighth to one-quarter of a percent.
- Points don’t continuously got to be paid out of the buyer’s stash; they can some of the time be rolled into the advance adjust or paid by the vender.
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