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Andrew [12]
3 years ago
6

What is an economic system

Business
2 answers:
ruslelena [56]3 years ago
6 0
An economic system<span> is a </span>system<span> of production, resource allocation, and distribution of goods and services within a society or a given geographic area</span>
PtichkaEL [24]3 years ago
5 0
An economic system<span> is a </span>system<span> of production, resource allocation, and distribution of goods and services within a society or a given geographic area.</span>
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When immigration adds to the size of the domestic labor pool, which is likely to occur? minimum wage increases. wages decrease p
Grace [21]

Answer:

wages decrease

Explanation:

Labor is a factor of production and has a price like all other inputs. In the economy, labor is a commodity whose price is determined by the forces of demand and supply.  When there is an oversupply of labor, its equilibrium price will decrease.

The equilibrium price of labor is the prevailing wage rate, where  demand matches supply. When immigration adds to the labor force, it means an additional supply of able and willing workers in the markets. There will be many sellers or workers offering to supply labor services to the existing job openings. As a result, the price of labor will reduce as buyers or employers can lower the wage rate and still get the labor services they require.

8 0
3 years ago
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A warehouse manager who is placing an order for maintenance supplies for delivery vehicles would be making a programmed decision
liubo4ka [24]

Answer:

The Answer is False.

<u>The Ware house manager  who is placing an order for maintenance supplies for delivery vehicles would be making a non-Programmed decision</u>

Explanation:

<u>non-programmed decisions are the decision are basically concerned with the  maintenance supplies for  raw materials.</u>

<u></u>

<u>The Programmed decisions are made in response to situations that are unique,unpredictable  and that are largely  unstructured.</u>

6 0
3 years ago
Toni just started a new job with a large company. she is unsure of what she should do at lunch time. she wonders, should she eat
nexus9112 [7]
<span>The correct answer is "the elicitation effect."

The Elicitation Effect refers to the process wherein a person gathers intellect or knowledge about a certain process t be able to cope up with it. Based on the given situation, Toni is using elicitation, because he is thinking of what to do during lunch break, yet he waited to see if what the other employees would do during lunch break then he would just follow what they will be doing.</span>
7 0
3 years ago
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If mistakes or fraudulent reporting behavior are discovered, auditors require the company to correct all significant information
stepladder [879]

Answer:

The correct answer is True.

Explanation:

In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.

Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.

6 0
3 years ago
How many hours can you work part-time and still collect unemployment?.
Pavel [41]

Answer: To be eligible for partial benefits, you must work at least 80% of the hours required for the employment. If you worked a 40-hour week, for example, you won't be eligible for benefits if you work more than 32 hours.

Explanation: See above.

Have a good day.

8 0
2 years ago
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