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AVprozaik [17]
3 years ago
14

Unemployment and Labor Force Participation: Work It Out 1 of 3 Suppose the island nation of Freelandia is composed entirely of t

he following mutually exclusive groups: 190 people who are employed. 10 people who are unemployed. 20 people who are students. 30 people who are retired. 60 people who are children. What is the size of the labor force in Freelandia?
Business
1 answer:
gtnhenbr [62]3 years ago
4 0

Answer:

200

Explanation:

The labor force in an economy is composed of all adults able-bodied individuals who are employed or actively seeking employment. Employed people are those engaged in economic or income-generating activities.  Unemployed are jobless individuals who are actively seeking work.

In Freelandia, labor force participation will be composed of the employed and the unemployed people.  As per the definition of the labor force, children will not be included as they are not adults. Students and retired people are not seeking employment; hence should not be in the labor force. Therefore, the labor force will be 190 plus  10, which is 200.

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Louis owns an import business. After traveling to France on numerous occasions, he developed a taste for fine French wines. A ra
leva [86]

Answer:

B) French wines will become more expensive in the United States.

Explanation:

When rate of dollar falls to that of euro, the same number of dollars will purchase fewer French goods, so French goods become more expensive to American consumers. If one travels to Europe (including France), one will exchange one dollar for less than one euro

4 0
3 years ago
Check My Work (1 remaining) Fraud detection is an important element of minimizing losses from fraud, and it is important that fr
Alexandra [31]
<h2>True. The early detection of fraud avoids greater loss.</h2>

Explanation:

The early detection of fraud needs to be done for the following reason:

  • Fraud will continue if not found earlier and thus leads to greater loss
  • The fraud team is not widen before huge loss happens
  • Easy to recover
  • Possibility of finding the loop holes even if it is from external sources
  • Detects weakness in the internal control and eradicate and make the system secure
  • Avoid huge loss and threats
  • To gain profits
  • To keep up the name of the organization
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4 0
4 years ago
Whats the percent value of a $150 payment made every year forever at an interest rate of 73%?​
Zielflug [23.3K]

The answer $205.48

Explanation

Since the amount is $150, rate is 73%

PV to perpetuity = $150/0.73

=205.48

Therefore the answer is $205.48

6 0
3 years ago
Laila created a new piece of workout gear. She's calling it the Toned Tushie. Although she couldn't initially find potential inv
exis [7]

Answer: Optimistic

Explanation: Being optimistic is expecting the best from the situation of life. It's a state of mind of always expecting the best out of life and also making the best of what life gives.

Laila is optimistic her idea would succeed, despite a few setbacks she experienced in the business, she still believes her business would be a success. To back up her believe she adds action, investing the resources at her disposal.

4 0
4 years ago
Pop owns 87% of the common stock of Sugar. On December 31, 2017, Pop's Receivables include $296,880 that Pop advanced to Sugar.
Sloan [31]

Answer: $296,880

Explanation:

Pop owns more than 50% of Sugar which means that Sugar is a subsidiary of Pop's. When this happens, trade between the two are not shown in the consolidated financial statement unless the goods traded have been sold off to a third party.

As these goods have not, and are still considered accounts receivable to Sugar, the entire amount will be removed from the consolidated financial statements.

6 0
3 years ago
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