Answer:
C. The amount of unemployment that a country typically experiences is a determinant of that country's standard of living, and some degree of unemployment is inevitable in a complex economy.
Explanation:
The unemployment rate is a determinant in the country's standard of living because this phenomenon derives in loss of income in the families, that at the same time reflects in a decrease of the spending power and this also can result in an increase in the debt problems which they don't have enough to pay.
On the other hand, in complex economies, unemployment is measured in 5 ways: cyclical, structural, seasonal, frictional and institutional. Some of these types could reach 0 but others will remain so it would be inevitable to have some degree of unemployment.
Answer:
Property rights allow consumers and producers to make free choices .
Explanation:
A free market in an economic system is solely based on the market forces of demand and supply with minimum government intervention.
Property right is the authority of ownership that determines how a property can be put to an efficient use , thereby promoting efficiency.
This is necessary in a free - market system as it allows consumers and producer to make free choices , as the intervention of the government is at the minimal level.
17,000 * 17,000 * 0.15 = 43,350,000
(Hope this helps...)
Answer:
Direct material used= $4,900
Explanation:
Giving the following information:
Beginning raw materials inventory $ 3,900
Raw materials purchases 5,400
Ending raw materials inventory 4,400
<u>To calculate the direct material used, we need to use the following formula:</u>
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 3.900 + 5,400 - 4,400
Direct material used= $4,900