True or False

In the country of Economica, the total labor force consists of 15,000 workers. 750 of these workers are unemployed, and thus the

wel

Answer:

At the end of the year, the labor force will consist of 15,555 workers

The unemployment rate will be 7.71%

Explanation:

In order to calculate the labor force we would have to make the following calculation:

labor force=labour force - workers will lose their jobs +workers will return to the labor force - workers voluntary leave their jobs + new workers entered

labor force= 15,000 - 300 + 255 - 150 + 750

labor force=15,555

At the end of the year, the labor force will consist of 15,555 workers

In order to calculate the unemployment rate we would have to make the following calculation:

unemployment rate=Unemployed labour force/labor force

Unemployed labour force=new workers entered+workers will lose their jobs+workers voluntary leave their jobs

Unemployed labour force=750 + 300 + 150

Unemployed labour force=1,200

Therefore, unemployment rate=1,200/15,555

unemployment rate= 7.71%

The unemployment rate will be 7.71%

3 0

3 years ago

These people perform many of the activities required to move products efficiently from producers to consumers or industrial buye

Vadim26 [7]

These people perform many of the activities required to move products efficiently from producers to consumers or industrial buyers and are often wholesalers

Who are wholesalers ?

A wholesaler is a company or individual that purchases great quantities of products from manufacturers, farmers, other producers, and vendors. Wholesalers store them in warehouses and sell them on to retailers (shops and stores) and businesses.

Wholesalers are the merchant middlemen who sell mainly to retailers, other merchants, commercial, industrial, or institutional users. They buy principally for resale or business use.

The wholesaler’s business model is based on being the intermediary – the go-between. They operate between a product’s manufacturer and other businesses that want to sell that product.

What is the role of a retailers?

A retailer purchases in bulk from the wholesalers and sells the products to the customers in small quantities. A retailer essentially maintains a variety of merchandise. The aim of a retailer is to achieve maximum satisfaction by exceeding their expectations and delivering exceptional services

Learn more about distributors :

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4 0

2 years ago

What budget item does NOT necessarily include monthly expenses?

nika2105 [10]

If You Had the same ABCD Answers as one Before, The Answer out of These:
A. Transportation
B. Medical Expenses
C. Housing
D. Food

The Answer would Be B) Medical Expenses.

6 0

3 years ago

Which of the following will always be a relevant cost? Select one: a. Sunk cost b. Fixed cost c. Variable cost d. Opportunity co

Vsevolod [243]

Answer: Fixed Cost

Explanation: Fixed cost will always be a relevant cost because a business must incur fixed cost during the course of the business.

Fixed cost are cost that are not depended on sales or activity level of the organisation and they are incurred in as much as the business is operational.

Examples of fixed costs are:

Utilities, salaries, rent, depreciation etc.

Fixed costs has a high influence on the profit/ loss of any organisation.

3 0

3 years ago

The internet service provider industry in the country of Megalopolis is an industry characterized bythe presence of strong netwo

soldier1979 [14.2K]

Answer:

The correct answer is letter "B": threat of new entrants is most likely low.

Explanation:

According to American Harvard professor Michael Porter (born in 1947), the Five Forces determine the competition in a market: competition in the industry, the threat of new entrants into the market, bargaining power of suppliers, bargaining power of customers, and the threat of substitutes.

The threat of new entrants is stronger if the product of a given market is undifferentiated and does not offer any competitive advantage for consumers. Besides, the less established a company is, the more likely new entrants will appear with the intention of taking over the market.

Therefore, if the internet service provider of Megalopolis has high brand loyalty, economies of scale, and proprietary technology it implies the firm offers differential advantages to its clients and that the firm is well-established. New entrants' threat is low under these circumstances.

5 0

3 years ago