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Dima020 [189]
3 years ago
9

Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change

in consumer tastes, the demand for hard-wood-flooring factory workers in North Carolina increases, while the demand for carpet factory workers in Georgia decreases. This is an example of.
Business
1 answer:
Daniel [21]3 years ago
4 0

Answer:

<em>Frictional unemployment created by sectoral shifts </em>

Explanation:

Frictional unemployment <em>happens throughout a phase when employees are looking for new jobs or are transferring from old jobs to newer ones.</em>

It can even be defined as natural unemployment as it is not directly linked to factors that contribute to an economy that is performing poorly.

A new global trade agreement leads to higher demand for export-sector workers and lower demand for workers in import-competing sectors. Workers need time to change sectors, and sectoral shifts lead to frictional unemployment

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Analyze the effectiveness of Postbellum policies by explaining if Reconstruction succeeded or failed in the areas of Economics –
zlopas [31]

Reconstruction refers to the period of American history that followed the Civil War. During this time period, the country attempted to recover from the damage of the war. It also attempted to integrate former slaves into mainstream society.

Although Reconstruction was not a complete success, I consider that it was still an effective way to achieve long-lasting change. The Reconstruction allowed the rebuilding of the economy by integrating the former slaves into the labor force. It also forced employers or landowners to pay their black workers. Reconstruction helped the black population of the country enjoy the rights and freedoms that they were able to achieve.

3 0
3 years ago
George and Dan's political consulting firm is losing money, but it is more than covering its variable costs. What is the most ac
aniked [119]

Answer:

- It will go out of business in the long run.

Explanation:

If George and Dan's political consulting firm is losing money, but it is more than covering its variable costs, then the most accurate statement we can make about it is that: It will go out of business in the long run.

In the SHORT RUN, as long as the firm is covering variable costs, it means that the firm is able to generate normal profit or contribution that takes care of part or all of its fixed costs. It will stay in business

<u>In the LONG RUN, the firm will only continue to operate if it can make normal profits</u>

<u>Normal profit occurs when the difference between a company's total revenue and combined explicit and implicit costs are equal to zero.</u>

<u>Since George and Dan's political consulting firm cannot cover fixed costs, it will go out business in the long run.</u>

3 0
2 years ago
An interior solution to a consumer's utility maximization problem implies which of the following:A. consuming optimal amounts of
Lelu [443]

Answer:

The correct answer is A

Explanation:

Interior solution is the solution or a choice which is to be made through an agent and that could be characterized as an optimum which is located or situated at the tangency of two curves on the graph.

The utility maximization of the consumer states or defines that the consumer decide or take decision to allocate the incomes so that the last dollar amount which is spent on each and every product bought yields the same amount of the additional marginal utility.

Therefore, the interior solution to the utility maximization of the consumer problem states that the consumer consuming the optimal amounts of all the goods.

7 0
3 years ago
(tco 5) the head of ministry is equivalent to the _____ in the united states.
sergiy2304 [10]

The correct answer is department secretary.

The head of ministry is equivalent to the departmental secretary in the United States.

6 0
3 years ago
Read 2 more answers
A payment is said to be ________________ if it is automatically adjusted for inflation. cross referenced indexed matched maintai
defon
<span>The payment is said to be indexed. Indexing a payment means that the income payments are adjusted by a price index. This is to maintain the purchasing power of the public when inflation hits. This is a type of monetary correction.</span>
5 0
3 years ago
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