1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ann [662]
3 years ago
11

Kevin recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill position

s for which he qualifies, so he has been unable to find work. Maria just graduated from college and is looking for a full-time position with an investment banking firm. Simone is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job.
Business
2 answers:
Elena L [17]3 years ago
8 0

Answer:

  1. Kevin: Structural unemployment
  2. Maria: Frictional unemployment
  3. Simone: Cyclical unemployment

Explanation:

<u>Structural unemployment</u> refers to a mismatch between the jobs available and the skill levels of the unemployed. What this means is the an individual does not possess the skills needed for him/her to be employed. As we can see from the scenario above, Kevin is unskilled and the minimum-wage legislation is keeping employers from adding more of the low-skill positions for which he qualifies.

<u>Frictional unemployment</u> refers to the unemployment which exists in an economy due to people being in the process of moving from one job to another. This has nothing to do with whether the individual is unskilled. As we can see from the scenario above, Maria is in the process of looking for a job.

<u>Cyclical unemployment</u> refers to the unemployment that arises when the overall demand for goods and services in an economy is low and cannot support full employment. This means that it occurs when economic growth is slow or when there is an economic contraction. From the scenario above, we can see that the house sales in Simone's area have declined because the region has been going through a recession.

Elanso [62]3 years ago
7 0

Answer:

Kevin recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work.

  • STRUCTURAL UNEMPLOYMENT: results from a mismatch between the individual's abilities and those required by the market, or in this case, the structural inability of the labor market to reach an equilibrium wage that includes the individual.

Maria just graduated from college and is looking for a full-time position with an investment banking firm.

  • FRICTIONAL UNEMPLOYMENT: is a type of voluntary unemployment that takes place when an individual is searching for a new and better job. Both structural and frictional unemployment are part of the natural unemployment rate.

Simone is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job.

  • CYCLICAL UNEMPLOYMENT: results from a decrease in aggregate demand due to a decrease in economic activity (recession), which means that less labor is required to produce aggregate output. This is considered an unhealthy type of unemployment since it happens when the economy is in contraction or has stopped growing and soon will start to contract.  
You might be interested in
True or false 1. Satisfying customer wants at a reasonable price is important to business success.
Marina CMI [18]
This is a mixture of both. You may lose a customer if you don't but most likely you will still have enough to keep moving forward with your career so I would say False
5 0
3 years ago
A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cos
stich3 [128]

Answer:

The advertising spend would reduce income taxes by $2.8 million

Explanation:

The advertising expense since it is allowable expense from profits made in the year would reduce income taxes next year by  $2.8 million ($8 million *35%)

This means that because of its tax deductibility,it would make a business sense to incur the advertising cost of $8 million coupled with the fact the it has the potential to increase sales revenue over and above the current level of $280 million

3 0
3 years ago
If during 2011 the Republic of Sildavia recorded a value added of $78 billion, wages of $40 billion, profits of $8 billion, and
Otrada [13]

Answer:

$12 billion.

Explanation:

Given: Value added during 2011= $78 billion.

           Total sales= $90 billion.

Intermediate goods are the goods used to produce final product and it is not included in the calculation of GDP, however, it is included in the value of final goods.

Now, finding the value of intermediate goods purchased.

Intermediate goods= Total\ sales - Total\ value\ added

⇒ Intermediate goods= \$ 90\ billion - \$ 78 \ billion

∴ Intermediate goods= \$ 12\ billion

Hence, value of intermediate goods purchased is $12 billion.

7 0
3 years ago
Bristlebird Corporation (E&amp;P of $700,000) has 3,000 shares of common stock outstanding. Juan owns 1,500 shares and his wife,
Schach [20]

Answer:

The correct answer is

Juan has dividend income of $250,000.

good luck ❤

6 0
3 years ago
When a visitor who has an appointment arrives, you should
pav-90 [236]

If a visitor arrives and they have an appointment, you should A. make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.

<h3>What should you do when a visitor has an appointment?</h3><h3 />

In customer service, the visitor should be made to feel comfortable while they wait for their appointment as this is not only the right thing to do, but it gives the visitor the right impression about the company.

There are several ways to make a visitor feel comfortable such as:

  • Offering them a seat in a waiting area.
  • Offering refreshments such as water or a non-alcoholic beverage.
  • Ensuring that reading material is available to keep the visitor company.

You should also endeavor to keep checking in on them and giving them updates about their meeting, while they wait for their appointment time to reach.

In conclusion, when a visitor with an appointment arrives, you should A.  make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.

Find out more on customer service at brainly.com/question/1286522

#SPJ1

3 0
2 years ago
Other questions:
  • The preemptive right gives current stockholders the right to purchase, on a pro rata basis, any new shares issued by the firm. T
    7·1 answer
  • When team members experience conflict because they are trying to make sense of competing ideas about how the team should work, t
    11·1 answer
  • The Vitamin Shoppe sells natural vitamins and supplements. Product prices are adjusted frequently to meet the needs of individua
    9·1 answer
  • Custom Engines Company has the following estimated costs for the upcoming year: Direct labor costs $62,300 Direct materials used
    14·1 answer
  • Consider two neighboring island countries called Bellissima and Dolorium. They each have 4 million labor hours available per wee
    9·1 answer
  • Assume there are two industries in our​ economy: the production of pizza and the production of calzones. Each of these products
    12·1 answer
  • After cooking food that must sit for a little while before being consumed, Sherry is aware that the food must remain at a certai
    5·1 answer
  • Economists group commercial​ banks, savings and loan​ associations, credit​ unions, mutual​ funds, mutual savings​ banks, insura
    12·1 answer
  • To qualify for the moving expense deduction, an employee must change job sites, move a required distance, and change employers.
    13·1 answer
  • Rock industries allocates manufacturing overhead at a predetermined rate of 160% of direct labor cost. Any overallocated or unde
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!