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3 years ago

All societies face a trade-off between equality and efficiency.

Business

1 answer:

Zepler [3.9K]3 years ago

8 0

Answer:

a decrease; an increase

Explanation:

The advantages of the trade-off between equality and efficiency are few and short-term because they affect economic growth. If the government tries to give money to the poor by taking it from the rich in the form of taxes increase the equality but at the same time, it affects the efficiency level of the whole economy. As long as rich people feel that they are being overpowered they work less which decrease the GDP and low overall efficiency.

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Say a certain manufacturing industry has 63.1 thousand jobs in 2008, but is expected to decline at an average annual rate of 1.7

ss7ja [257]

Answer:

so correct option is b. -27%

Explanation:

given data

job manufacturing industry = 63.1 thousand

annual rate = 1.7 thousand

time period = 10 year

solution

the total loss of jobs over the 10 years will be:

total loss = 1.7 × 10

total loss = 17 thousand jobs

so that the percent change will be

percent change = $\frac{-17}{63.1}\times100$

percent change = -27 %

so correct option is b. -27%

5 0

2 years ago

Read 2 more answers

Exercise 19-08 a-b Oriole Corporation incurred the following costs while manufacturing its product.

telo118 [61]

Answer:

$371,700

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods manufactured = Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work in process inventory - ending work in process inventory

where,

Manufacturing overhead cost is

= Depreciation on plant + Factory supplies used + Property tax on plant

= $61,000 + $29,300 + $21,800

= $112,100

The cost of goods manufactured is

= $126,400 + $113,500 + $112,100 + $14,600 - $16,700

= $349,900

Now the cost of goods sold is

= Beginning finished goods + Cost of goods manufactured - ending finished goods

= $70,900 + $349,900 - $49,100

= $371,700

6 0

3 years ago

A businessman in New York is preparing an itinerary for a visit to seven major cities. The distance traveled, and hence the cost

enot [183]

Answer:

The answer is 5,040.

There are 5,040 different possible itineraries.

Explanation:

The number of different possible itineraries equals the number of the selection of 7 cities from a total of 7 cities where order is important.

We solve thus:

$N = P^{7}_{7} = \frac{7!}{(7 - 7)!}$

$= \frac{7!}{0!}$

$= 7!$

$= 7 X 6 X 5 X 4 X 3 X 2 X 1$

$= 5,040$

6 0

3 years ago

The local furniture store will purchase outdoor furniture only during the winter months because the manufacturer offers a better

xz_007 [3.2K]

Answer:

The correct answer is: seasonal discount.

Explanation:

Seasonal discounts are store offerings by which their products are sold at a lower price during specific periods due to changes in seasons. For instance, winter clothing tends to be cheaper during the spring or summer because most people do not purchase them during those seasons. Then, retailers lower the prices to boosts sales.

4 0

2 years ago

Goodwill messages should not be ________.

pashok25 [27]

<span>Goodwill messages should always be without a direct business purpose. If you are on a goodwill mission it should never be done to increase your business but in an effort to support a cause and show compassion.</span>

6 0

3 years ago