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VARVARA [1.3K]
3 years ago
14

Based on these​ findings, what can we predict about total production long dash whether or not that production is included in the

calculation of GDP long dash in the economy when these workers became​ unemployed?
Business
1 answer:
Naily [24]3 years ago
7 0

Answer:

If the workers had been paying other people to perform the household activities prior to unemployment, then total production will fall.

Explanation:

You might be interested in
Using the graph, complete the table that follows by indicating whether each statement is true or false. Statement True False a.
poizon [28]

Answer:

a. Curve MM is more elastic between points A and C than curve NN is between points A and D: TRUE

b. Between points A and B, curve LL is unit elastic: FALSE

c. Between points A and D, curve NN is inelastic: TRUE

Explanation:

Elasticity is the responsiveness of quantity demanded or quantity supplied to a change in the price. There are five categories of elasticities:

1. Perfectly elastic: Quantity changes even without a change in price. Curve is a horizontal line.

2. Elastic: Change in price is smaller than a change in quantity. Curve has a smoother slope.

3. Unit elastic: Change in price causes a proportionate change in quantity. Curve is a rectangular hyperbola.

4. Inelastic: Change in price causes a smaller change in quantity. Curve is a steep slope.

5. Perfectly inelastic: Change in price causes no change in quantity. Curve is a vertical line.

5 0
3 years ago
A firm is considering moving from the United States to Mexico. The firm pays its U.S. workers $30.00 per hour. Currently, U.S. w
Rama09 [41]

Answer: $6.00

Explanation:

From the question, we can see that the productivity in the United States is (45/9) = 5 times higher than that of Mexico.

Therefore, the wages in Mexico should be 5 times lower than the wages paid to the workers in the United States. This will be:

= $30.00 / 5

= $6.00

Therefore, in order for the firm to reduce its wage cost per unit of output by moving to Mexico, the wages in Mexico must be below $6.00 per hour.

4 0
3 years ago
Jamar used to work as an office manager, earning $40,000 per year. He gave up that job to start a life-coaching business. In cal
Eva8 [605]

Answer:

B) opportunity costs.

Explanation:

The $40,000 salary that Jamar gave up are part of his opportunity costs.

Opportunity costs are the costs (or benefits lost) from choosing one activity or investment over another alternative.

When you calculate the economic profit of a new project you must include all the implicit or opportunity costs that you incur or lose due to the new project:

economic profit = accounting profit - implicit costs

7 0
3 years ago
In ________, salespeople are independent contractors who not only sell the product, but also recruit additional salespeople.
belka [17]

Answer:

Multi-level marketing.

Explanation:

A business organization that is run with multi-level marketing strategy typically has 3 sources of income:

- The amount of money that each person have to pay in order to gain the membership status.

- The amount of money that memberships owners have to pay to be a distributor of their product

- The amount of money that they get from the sales of their product.

Most multi-level marketing companies will provide their members with some sort of 'Reward' if they managed to convert other people into purchasing memberships to organization. So, the more their members convert other people, the more wealthy that members will be. This will create a hierarchy like within an organization where the members who bring the most memberships place at the top of the hierarchy.  

5 0
3 years ago
c) What do you expect will be the impact of the increased fines in the (i) earnings and (ii)management compensation contracts, o
vivado [14]

Answer:

Accounting standards are the policies and principles of accounting. There are different accounting standards which can affect the amount stated as profit

The effect of increased fines is the increased transparency of the ethical practice and the increased obscurity of unethical practices in the accounting information

The reason for the above relation is as follows:

The increase in fines given to companies in the pharmaceutical industry

helps to reduce forms of marketing which are unethical, however the

amount in fines paid for corrupt practices is dwarfed by the major profit

and market share gained from such practices

The use of fines will encourage more transparency where the company is

ethically inclined to abide by the rules of marketing, such that payments to

doctors based on past misdemeanors . However, the making of huge large

profits by being involved in unethical practice may encourage accounting

practice that is focused on the profitability of the venture and therefore,

introducing increased lack of transparency on their financial information,

so as to reduce amount paid as fines

Due to the fines business, where the fines are lesser than the profit made,

increased fines within the pharmaceutical industry will lead to less  

transparency in accounting information as firms try to further increase

profitability by incurring less penalties

Learn more about accounting standards here:

Explanation:

3 0
3 years ago
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