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3 years ago

Unions contribute to

Business

1 answer:

Len [333]3 years ago

5 0

Answer:

The correct answer is D: neither frictional nor structural unemployment

Explanation:

Structural unemployment is a form of unemployment where, at a given wage, the quantity of labor supplied exceeds the quantity of labor demanded because there is a fundamental mismatch between the number of people who want to work and the number of available jobs. It is generally considered to be one of the “permanent” types of unemployment, where improvement if possible, will only occur in the long run.

Structural unemployment is a longer-lasting form of unemployment caused by fundamental shifts in an economy and exacerbated by extraneous factors such as technology, competition, and government policy. The unemployed workers may lack the skills needed for the jobs, or they may not live in the part of the country or world where the jobs are available. Structural unemployment can last for decades and may need radical change to redress the situation.

There is not a direct link between unions and structural unemployment. The main causes are economy shifts, lack of preparation, competiton (for example, factories moving overseas), government policy, technology shifts, etc.

Frictional unemployment is the time period between jobs when a worker is searching for or transitioning from one job to another. It can be voluntary based on the circumstances of the unemployed individual. Frictional unemployment exists because both jobs and workers are heterogeneous, and a mismatch can result between the characteristics of supply and demand. Such a mismatch can be related to skills, payment, work-time, location, seasonal industries, attitude, taste, and a multitude of other factors.

There is always at least some frictional unemployment in an economy. Economists accept that some frictional unemployment is okay because both potential workers and employers take some time to find the best employee-position match.

There is no direct contribution that unios made to generate or increase frictional unemployment. It causes are found in the description above.

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When the market rate of interest was 12%, Halprin Corporation issued $1,000,000, 11%, 10-year bonds that pay interest annually.

Gennadij [26K]

Answer:

Correct option is (c)

Explanation:

Given:

YTM (yield to maturity) (Rate) = 12%

Coupon rate = 11%

Face value = $1,000,000

Coupon payment (pmt) = 0.11 × 1,000,000 = $110,000

Time period (nper) = 10 years

Selling price of the bond is the present value of the bond which can be computed using spreadsheet function =PV(rate,nper,pmt,FV)

=PV(0.12,10,110000,1000000)

Present value of bond is $943,498 which is close to option (c)

5 0

3 years ago

A. Describe circumstances where price ceilings and price floors might be appropriate.

Finger [1]

Answer:

A. Price Ceiling: Staple Food (e.g. bread)

Price Floor: Minimum Wage

B. Protected civilians from high prices BUT shortage led to a rationing system

C. War industries were already using too many goods and civilians’ standard of living had to be prevented from falling too low.

Explanation:

A. A price ceiling is the maximum amount that can be charged for a particular good or service. In order for a price ceiling to be effective, it should be below the market equilibrium point where supply meets demand. Price ceilings are commonly set for staple foods and essential items such as bread or energy in order to prevent them from rising too high and being unaffordable by consumers.

A price floor is the minimum price that can be charged for a particular good or service. In order for a price floor to be effective, it should be above the market equilibrium point where demand meets supply. A common example is minimum wage. This is imposed in order to protect employers from exploiting laborers and paying them low wages for their service. With a price floor, paying below the minimum wage is an offense. This also helps to reduce unemployment since people now have an incentive to work due to higher pay.

B. During World War II, consumer demand for goods and services were very high. In order to protect consumers from prices rising too high, price ceilings were set.

However, government intervention in the form of price controls meant that the price was not at the market equilibrium where quantity demanded met quantity supplied. This lower price led to a higher demand than supply, creating a shortage in the market. Consequently, goods had to be provided through a rationing system.

C. The reason for setting a price ceiling on agricultural products during the war is that the government was already using a lot of resources for war industries, which created a shortage of goods. Agricultural foods contain essential goods such as rice, wheat, fruits and vegetables. If prices of these rise too high due to high demand, civilians will not be able to afford them. Without consumption of these, civilian standard of living would drop dramatically.

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4 years ago

The chess club needs to raise money for tournament uniforms. Some members want to sell energy drinks at a football game to raise

Jobisdone [24]

Answer:

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7 0

2 years ago

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3 years ago

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We will follow-up the basic perpetuity with a delayed perpetuity. Watch the Chapter 5 Part 2 video for an example of a delayed p

maria [59]

Answer:

At the end of year 4 (one year before the first cash flow)

Explanation:

According to the present value of perpetuity concept here we divided the predicted cash flows by the rate of that period by calculating this it provides the present value that is prior to the cash flow now if we want for more years so we should have to discount over that time period

Since in the given situation the starting of the cash flows is from the ending of year 5 therefore the timeline would be at the closing of year 4 i..e one year prior to the first cash flow

4 0

3 years ago