Answer:
The answer is:
1. Cyclical Unemployment
2. Frictional Unemployment
3. Natural Unemployment
Explanation:
1. Unemployment caused by recessions - cyclical unemployment. It is caused by reduction in total spending, low activities in the economy. Coronavirus pandemic is already causing cyclical unemployment.
2. Unemployment that normally occurs due to turnover as workers switch jobs - frictional unemployment.
This happens when a worker leaves a job to search for another. The unemployment between the time gap is frictional unemployment.
3. The unemployment rate that exists when the economy is operating at potential - Natural Unemployment.
Unemployment caused by replacement of obsolete technology or lack of required skills are called natural employment.
Answer:
$
Material used 2,500
Direct labour 5,000
Overhead applied 200
Cost of goods sold 7,700
Explanation:
The overhead applied is the difference between cost of goods sold and cost of material used and direct labour. The cost of goods sold is $7,700 while the cost of material and labour is $7,500. The difference of $200 represents the overhead applied.
Answer:
$19,708,745
Explanation:
We first have to calculate the present value of the bonds:
Nper = 20 (10 years x 2 payments per year)
R = 11% / 2 = 5.5%
Payment = 83 / 2 = 41.50
Future value = 1,000
PV = ?
To calculate the present value we can use an excel spreadsheet and the present value function =PV(5.5%,20,41.5,1000) = $838.67
Now we calculate how many bonds were issued = $23,500,000 / $1,000 = 23,500 bonds.
To determine the market value of the debt outstanding we multiply the present value of the bonds times the total number of bonds outstanding
= $838.67 x 23,500 = $19,708,745
Answer:
benefit those in the worst position.
Explanation:
Rawls theory is based on the concept that no inequalities shall prevail in the country. Although some inequalities are unavoidable.
In those circumstances, when Rawls shall agree to such inequalities, and in-fact, further states that it shall benefit all the people. But for this he states that those in the worst position shall be benefited first and with maximum.
This shall create an equality as these people facing inequality will not be criticised further for any purpose, if they are paid off well in the first instance only.
