Answer:
The economic incentive was to produce enough to meet the output target, without regard for quality or cost.
Explanation:
As the only condition for the payment to the producers is linked with the output thus there is no constraint for the quality and the sales of the product. This indicated that the producer will get the reward irrespective whether the quality or cost of the product is feasible or not.
Answer:
B) The Law of Demand
Explanation:
The correlation between the volume demanded, and the price of a good is explained by demand law. As per this law, price and the quantity demanded have an indirect or inverse relationship. An increase or decrease in price results in quantity demanded moving in the opposite direction.
Should the prices of a product or service increase, its demand falls.
Answer:
The correct option is d. $300,000
Explanation:
The computation of the net income is shown below:
= Income before adjustments + unrealized gain on trading securities - realized loss on discontinued operations
= $500,000 + $200,000 - $400,000
= $300,000
hence, the net income is $300,000
The correct option is d. $300,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
B. 1) Karena and 2) Nathan, if Nathan has looked for work during the previous four weeks
Explanation:
Both Karena and Nathan are counted as unemployed according to the U.S labor force statistics.
Unemployment refers to the inability of a willing and able Individual who falls in the labor force category of a country to get a suitable job.
The labor force age group of countries differ from each other but it is usually between the age of 18-65 years.
Unemployment is a situation in which a person who is willing to work coupled and has ability(phycal, emotional) to work does not get a job.
There are different types of unemployment which includes:
1. Structural unemployment
2. Cyclical unemployment
3. Seasonal unemployment
4. Frictional unemployment
5. Underemployment