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Tamiku [17]
3 years ago
12

Assume an economy is incurring unemployment. The effect of resolving this problem will be to:

Business
1 answer:
Nata [24]3 years ago
3 0

Answer:

The correct answer is option A.

Explanation:

Unemployment in the economy can be reduced by increasing the level of output. To produce more the firms or producers will need more inputs. So, an increase in the output will lead to an increase in the demand for workers.  

As the labor demand curve shifts to the right, the number of workers employed will increase. In this way, unemployment can be reduced.

You might be interested in
The face of a company is often that of the lowest paid employees who meet the customers. Select one: True False
ivolga24 [154]

True cause lowest paid would be the one who does the easiest job thus giving you the answer true

7 0
3 years ago
If the company is using the payback period method and it requires a payback of three years or less, which project(s) should be s
algol [13]

Answer: Project X

Explanation:

The Payback period is the amount of time it would take for the cash inflows accruing from an investment to payoff the cost of the investment.

Project X has a constant cashflow of $24,000 for 3 years and a cost of $68,000 for the Payback period is;

= 68,000/24,000

= 2.83 years

Project Y has an uneven cash flow with a cost of $60,000. Payback is calculated as;

= Year before payback + Amount left to be paid/cashflow in year of payback

Year before payback = 4,000 + 26,000 + 26,000

= $56,000

This means that the third year is the year before payback.

60,000 - 56,000 = $4,000

Payback period = 3 + 4,000/20,000

= 3.2 years

Based on a Payback period of 3 years, only Project X should be chosen as it pays back in less than 3 years.

7 0
3 years ago
Anya is a graphic designer in a firm specializing in making logos for their clients. Last week, she got client specifications on
puteri [66]

Answer:

Task identification/identity, feedback

Explanation:

Task identification, simply put, is the ability of an employee to understand his or job and its requirements.

Feedback on the other hand can also be simply said to be the response that is derived from a product use by consumers. Feedback helps to tell whether a product or firm is doing the right thing or there is room for improvement in its products or firm practices.

In the case of Anya, her job involves a great deal of task/job identification/identity as she has to be capable of envisioning the specifications of clients as well as requesting for feedback to ensure that she is doing exactly what the client wants.

Cheers.

3 0
3 years ago
A bank quotes a stated annual interest rate of 4.00%. If that rate is equal to an effective annual rate of 4.08%, then the bank
Mrrafil [7]

Answer: Quarterly

Explanation:

Annual interest rate = 4.00%

Effective annual rate = 4.08%

To know if the bank is compounding interest daily or quarterly goes thus:

Effective Annual rate can be calculated using:

= (1+Periodic rate)^number of compounding periods - 1

Therefore, we calculate the daily compounding effective annual rate which will be:

= (1+4%/365)^365 - 1

= (1 + 0.04365)^365 - 1

= 4.08%

For Quarterly EAR, this will be:

= (1+4%/4)^4 - 1

= (1 + 0.04/4)^4 - 1

= 4.06%

Therefore, the a bank is compounding interest Quarterly

6 0
2 years ago
Suppose an economist advises a city's mayor to begin charging drivers a fee to drive on a busy highway during congested times. T
Kazeer [188]

Answer:

The correct answer is the letter b. This is a common occurrence. The policymaker usually disregards an economist's advice because they do not believe it is the most efficient policy.

Explanation:

It is common for policymakers to disregard the advice of an economist. This is because in addition to their often finding that the policies suggested by economists are not the most efficient, they observe the political return of such action, ie not just efficiency, but the extent to which this policy will bring political benefits. Thus, as in this case, the policy is not implemented because it is not popular with voters.

6 0
3 years ago
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