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vova2212 [387]
3 years ago
14

Labor market equilibrium is best characterized by Group of answer choices a wage at which all workers are above the poverty leve

l. a wage at which the number of people willing to work equals the number of workers firms are willing to hire. all workers receiving their ideal wage. a minimum wage at which everyone is willing to work. a wage at which all people have a job.

Business
1 answer:
Cloud [144]3 years ago
8 0

Answer:

a wage at which the number of people willing to work equals the number of workers firms are willing to hire

Explanation:

Labor market equilibrium is where the demand curve for labour interests the supply curve for labour. At this point, the wage rate is the wage at which the number of people willing to work equals the number of workers firms are willing to hire

Please check the attached image for a graph depicting equilibrium in the labour market

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In companies using a fixed-order quantity model, a consistent inventory level is used as a trigger to order more product. This i
Zielflug [23.3K]

Answer:

Reorder point

Explanation:

A company or organization making use of fixed-order quantity model which is a model where the REORDER POINT has been fixed and has already been set automatic in which once it reach the minimum inventory level it will remind the company that inventory level has reach the limit for the company to restore the stock inventory or order more product, which is why this inventory level is called the REORDER POINT.

Therefore REORDER POINT can be defined as the point which serve as a reminder that the stock inventory level has dropped to the minimum reorder level and need to be replaced or reorder.

5 0
3 years ago
In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity
Gekata [30.6K]

Answer:

a

Explanation:

with a credit card number that can access you money, name, and your d.o.b

with a d.o.b they cant do anything bc a lot of ppl have the same birthday

phone number they cant do anything bc more than 1 person have the same number like if someones bill wasnt paid, they recycle the #.

place of birth a lot of ppl were born at the same hospital

7 0
3 years ago
Read 2 more answers
Which members of OPEC would be the most likely to favor high oil prices now because of their small percentage of the world prove
solmaris [256]

The members of OPEC that would be in favor of high prices due to the small oil reserves that they have would be the countries in Africa

  • Ecuador
  • Angola
  • Tunisia
  • Gabon

<h3>What is OPEC?</h3>

This is an organization of the petroleum producing countries of the world.

Due to a rise in the oil prices now, these nations would most likely be favored in the sales of their products

Read more on OPEC here: brainly.com/question/26412451

6 0
3 years ago
Classify each item as an asset, liability, common stock, revenue, or expense.
kari74 [83]

Answer: The answer is as follows:

Explanation:

Each item is classified as follows:

(a) Issuance of ownership shares - Common Stock

(b) Land purchased - Assets

(c) Amounts owed to suppliers - Liabilities (Accounts Payable)

(d) Bonds payable - Liabilities

(e) Amount earned from selling a product - Revenue

(f) Cost of advertising - Expense

6 0
4 years ago
In a
artcher [175]

Answer:

Free-enterprise; government.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Command economy.

III. Traditional economy.

IV. Free-enterprise economy.

A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.

Hence, in a free-enterprise system, supply and demand forces affect the production and consumption decisions. There is little to no government control in such a system.

4 0
3 years ago
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