Answer:
- Low supply
- Scarcity
- Low economic growth
Explanation:
When suppliers under invest in their business, they will end up having the capacity to only produce less than the market requires. Should this happen, supply will be reduced in the market which would lead to relative scarcity all else being equal.
For economic growth to happen, there must be increasing production in an economy so if suppliers are under investing and production is low, there might be low or no economic growth.
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Answer:
1. Technical improvements cause production costs to decline, which causes supply to increase and prices to decrease.
2. Decreased unemployment causes consumer incomes to increase which causes demand to increase and hence price to increase.
Explanation:
Demand refers to a consumer's desire to purchase a particular good or service at a given time for a specific price. Supply on the other hand, is the willingness of a producer to produce a particular good or service at a given time for specific price.
1. Production cost is a factor that influences supply. For example, cost of labor or raw material cost. When production costs fall, more products can be produced at a lesser cost. Hence'
- The supply curve shifts right from S1 to S2.
- This causes quantity supplied to increase from QS1 to QS2
- And price to fall from P2 to P1. Please refer Diagram 1 in attachment.
2. When unemployment decreases, it means that more people are working in the economy and hence their incomes are also higher. This means there is a higher purchasing power and also higher demand for products. Hence,
- The demand curve shifts from D1 to D2.
- This causes quantity demanded to increase from QD1 to QD2
- And price to increase from P1 to P2. Please refer Diagram 2 in attachment.
Answer:
c. 60 on the sales floor, 24 on the register.
Explanation:
Given that
The total number of employees to manage is 84
and w assume that the no of employees on the sales floor after having division be x
also the given condition is that there should be minimum of 2 employees for every 5 employees that worked on the sales floor
So that means
x ÷84 = 5 ÷ (5 + 2)
after solving this x = 60
So the no of employees on register is
= 84 - 60
= 24
Answer:
In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. FALSE.
Banks keep only a portion of the customer deposits in the bank vault. A small portion is kept with the Fed called the Reserve Requirement.
Banks typically loan out a portion of customer deposits. TRUE.
Banks only loan out the portion of customer deposits that they did not leave with the Fed.
Bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals. TRUE.
When too many people try to withdraw from a bank, the bank might not meet these obligations because they loaned out money to people and those people were not yet due to pay back. This is a bank run.
The Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure. TRUE.
The fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs. FALSE.
As explained in the first paragraph, the Fed requires that banks keep a portion of customer deposits with the Fed instead of the total value of customer deposits.
