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
abruzzese [7]
3 years ago
6

When a factory closes, why is it bad news for the local restaurants? a. Unemployed factory workers have lower incomes and are le

ss likely to dine out. b. Unemployed factory workers are eligible for government unemployment benefits. c. Sales taxes are likely to increase. d. The opportunity cost of dining out has fallen.
Business
1 answer:
rusak2 [61]3 years ago
7 0

Answer:

The correct answer is option a.

Explanation:

When a factory closes, its workers become unemployed. Their income declines or disappears. A decrease in income further causes decrease in demand and consumption.

The factory workers will no longer be able to afford restaurant meals, or their demand for meals will decline.

A decline in the demand for meals will adversely affect the revenue and profits of local restaurants.

So, closing up of a factory is a bad news for local restaurants.

You might be interested in
Mary upset with her business law instructor after she failed a test,
Helen [10]
That sucks hopefully she feels better
7 0
3 years ago
At the current prices of goods X and Y, the quantity demanded of good X is 10 units, and the quantity demanded of good Y is 5 un
damaskus [11]

Answer:

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

Explanation:

The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

8 0
3 years ago
In 2010 the United States posted a current account deficit of -$471 billion. The bulk of the negative value came from: A. a good
Brut [27]

Answer:

A. a goods trade deficit

Explanation:

The current account represent the trade balance (export less import) plus

the net income (person receiving interest, rent or wages from aboard less person and companies paying foreingers) and

the direct payment. ( remittances from wroker to US)

As the US is one of the most open-economies in the world the mayority of this deficit comes from import of good and services from aboard.

Another factor, is that US company invest around the world thus, the net income should be positive.

And becuase the US economy is strong as opposite of Mexico or other Latin America countries, the average US employee abroard will not send their wages to support his family.

Thus, we should ensure the deficit comes from a negative trade deficit.

6 0
3 years ago
Who would be MOST critical of these statements about Free Trade Agreements?
sammy [17]
A USA worker whose job has been outsourced to a foreign country. I’m pretty sure hopefully this is helpful:3 Pls mark as brainliest if possible
4 0
3 years ago
Read 2 more answers
Transferable skills necessary for successful employment include _____.
kati45 [8]

Answer:

d u need them in all work environments for u to thrive

4 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose you find that prices of stocks before large dividend increases show on average consistently positive abnormal returns. i
    11·2 answers
  • ​Martinville, Inc. earned revenues of $ 17,000 and incurred expenses of $ 7,000. The company declared and paid cash dividends of
    15·1 answer
  • A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in
    7·1 answer
  • Economic growth is an increase in a nation’s output of goods and services over time. True or False
    15·1 answer
  • The study by economists Cox and Alm found that the 2006 pre-tax income of the richest fifth of U.S. households is a. 5 times the
    12·1 answer
  • Maddy has been performing at a very high level at the firm, and so when two colleagues of hers who are currently leading other d
    14·1 answer
  • Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2019 Stock Date Purchased Date Sol
    15·1 answer
  • When you should send an email
    8·2 answers
  • List 5 Skills that demonstrate good professionalism:
    8·1 answer
  • Describe how the specific practices of bronson methodist hospital in the opening performance exellence.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!