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2 years ago

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

Business

1 answer:

Nata [24]2 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.

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What cost of living?<br> Need help please

Nezavi [6.7K]

Around 56 thousand and 65 thousand dollars, I think

6 0

2 years ago

You use u.s. currency to pay the owner of a restaurant for a delicious meal. the currency

I am Lyosha [343]

b. has intrinsic value. the exchange is an example of barter. is your best answer.

Intrinsic value is the value of a given item without market value. Pretty much no matter what the market value is (stock), the item's price will not change.

6 0

3 years ago

Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,00

Marina CMI [18]

Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

= $\frac{1}{2}$ × Tax × (Original equilibrium quantity - New equilibrium quantity)

on substituting the respective values, we get

Deadweight loss = $\frac{1}{2}$ × 4 × (2,000 - 1,700)

Deadweight loss = 2 × (3) = $600

Hence,

the correct answer is option (c) $600

4 0

2 years ago

Elsem Foods Inc. is a company that manufactures packaged food. It sells several varieties of packaged food such as chips, cupcak

valentina_108 [34]

Answer:

Orange juice, apple juice, cranberry juice, and lychee juice are all product items of Elsem Foods.

Explanation:

A product item is a specific type or variety of product that is different than other products that a company sells.

In this case orange, apple, cranberry and lychee juices are all product items which are part of the tropical fruit juices product line of Elsem Foods.

Elsem's product mix would include chips, cupcakes, candies, crackers, fruit juices, and carbonated drinks (all the product lines that Elsem sells).

5 0

2 years ago

The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-end closing process would be:

Nataly [62]

Answer:

b. Dec. 31

Income Summary 925

Fees Earned 750

Rent Revenue 175

Explanation:

At the end of each accounting period, the elements of the income statements which are the revenues earned and the expenses incurred are usually closed to the income summary account.

The revenue earned which is normally a credit balance is closed by debiting the account and crediting the income summary. The expenses are closed by crediting the account and debiting the income summary.

Hence if Fees Earned, $750, and Rent Revenue, $175,

Total revenue = $750 + $175

= $925

6 0

3 years ago