Answer:
The labor force will consist of 10,370 workers, and the unemployment rate will be 6.1 %
Explanation:
The labor force includes employed workers and unemployed workers who are looking for a job.
Labor force at the beginning of the year is 10,000.
Labor force at the end of the year
= Total labor force at the beginning of the year + Workers returned to the labor force + New workers added to the labor force - Workers who retired or left the labor force
= 10,000 + 170 + 500 - 300
= 10,370 workers
Number of unemployed at the end of the year
= Number of unemployed at the beginning of the year + Workers who lost their job + New entrants into the labor force + Workers who had returned to the labor force + Voluntary unemployment - Wokers who got employed
= 600 + 200 + 500 + 170 + 100 - 933
= 637 workers
Unemployment rate
=
= 
= 0.0614 or 6.14%
Answer:
Infrastructure
Explanation:
Infrastructure is a term used to describe a country's basic physical systems of transportation, communication, building, and power distribution. These physical systems are capital intensive investments. They are vital for a countries economic development and prosperity of its population. However, they do not affect the rate of population growth.
Population growth is affected by the increase or decrease of people in a country. The issues that lead to the addition or reduction of people include births, deaths, and migrations.
Fertility rate measures the number of births per 1000 women, while life expectancy indicates the average years a person is expected to live. Net migration shows the number of people that have moved into a country. These three factors contribute to population growth. Infrastructure is the odd one because it has nothing to do with people's overall tally.
Answer:
Yes
Explanation:
This is an example of a quasi contracts which are fictional contracts that do not come from any agreement but can be imposed on the parties to the contract as if they had entered into an actual contract.
The reason behind imposing the quasi contract by the court is to ensure equity by preventing a situation whereby one party will enrich himself at the expense of another party.
The fact that quasi contracts are equitable contracts, but not legal contracts, therefore implies that the court can impose a contract between the sisters.
If a cartel is formed in order to maximize the total profits of its members, it will <u>charge the same price and produce the same quantity as a </u><u>monopoly</u>.
In oligopolistic markets, corporations form a cartel to enjoy Monopoly earnings, Monopolies produce an amount and fee at a price at which the earnings maximizes given the firm's price feature, and the marketplace call for a curve, as a result, any other quantity or fee apart from the monopoly will no longer maximize income.
A monopoly is a scenario wherein there is a single dealer inside the marketplace. In traditional economic analysis, the monopoly case is taken because of the polar opposite of perfect competition. By way of definition, the demand curve dealing with the monopolist is the enterprise demand curve which is downward sloping
A monopoly is a firm that's the sole supplier of its product, and in which there are no close substitutes. An unregulated monopoly has marketplace power and can influence prices. Examples: Microsoft and home windows, DeBeers and diamonds, your local natural gas agency.
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Answer: B. P=Increase; Q=Decrease
Explanation: For the single-price monopolist who is operating in the inelastic portion of its market demand curve, this means that demand will not be affected if price is increased, meaning the quantity demanded will not decrease or will decrease only very slightly with an increase in price.
Therefore to maximize profits, the monopolist should increase Price and decrease output. This is because in decreasing the number of output produced, less production costs will be incurred, and in increasing the price of the available outputs, more revenue will be generated to even offset the reduced number of output.
