All categories

2 years ago

The graph shows unemployment rates in the United States in recent years.

Business

1 answer:

S_A_V [24]2 years ago

6 0

The correct answer is C. The United States suffered an economic downturn starting in 2009.

Explanation:

The graph shows the percentage of unemployment in the U.S. from 2006 to 2012. In this, you can see the unemployment rate was between 4% and 5% during 2006, 2007 and 2008; however, after this year the rate suddenly increased. Indeed in 2009, the rate was 6% and in 2010 it was 10%, which is evidently higher than in previous years. This situation suggests there was an economic recession or downturn that began in 2009 and continued during the following years, this explains why the number of unemployed people increased as an economical recession usually leads to fewer jobs. Thus, the most accurate statement is "The United States suffered an economic downturn starting in 2009".

You might be interested in

Who among the following is a member of a utilitarian organization: a) Angela, who works as a lawyer at a prestigious law firm an

dimaraw [331]

Of the options given, the most likely member of a utilitarian organization is a. Angela, who works as a lawyer at a prestigious law firm and earns $60,000 annually.

A utilitarian organization is one where:

Employees receive some sort of compensation for their work
Employees are usually contracted to a company to provide a certain service

Angela is receiving a compensation of $60,000 annually and is a lawyer which means that they are probably contracted to the law firm.

We can therefore conclude that Angela is working for a utilitarian organization based on the fact that there is compensation and contract.

Find out more at brainly.com/question/13956837.

7 0

2 years ago

Joe Santos owns the only pizza parlor in a small town that is also home to a McDonald's, a Taco Bell, and a Kentucky Fried Chick

astra-53 [7]

Answer:

True

Explanation:

A more precise way to describe the situation is that Joe's pizza parlor is a monopolistic competition. But that definition considers that all 'food' items have some degree of close substitute relation.

But yes, if you consider this two conditions:

a broad definition of monopoly
other restaurants are not considered close substitutes for the food sold at the pizza parlor

Then yes, Joe has monopoly

5 0

3 years ago

An oligopoly a. is a type of imperfectly competitive market. b. has a concentration ratio of less than 50 percent. c. is a price

andrew-mc [135]

Answer:

Option A

is a type of imperfectly competitive market

Explanation:

An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market.

Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their products which are relatively differentiated products

These firm together have a concentration ratio of more than 50% i.e they control more than 50% of the entire market share.

Answer

is a type of imperfectly competitive market

7 0

3 years ago

Anton is a salesperson at GF Motors Co. Ben, a customer, has an engine complaint with the car he purchased from GF Motors. Anton

posledela

Answer:

He should offer solution and gain agreement that the proposed solution is acceptable.

Explanation:

Achieving customer satisfaction is essential for any Company to be a successful entity. Anton is one of the representatives of Company and hence he needs to present the Company in good light before the customers. One of the ways of doing this is to pay attention to their grievances with the attempt to solve and redress the same as Anton should do in the above manner.

5 0

3 years ago

On January 1, Duffy Enterprises issued $100,000 in bonds that mature in 10 years. The bonds were issued at face value. The bonds

Salsk061 [2.6K]

Answer:

Given that,

Value of bonds issued = $100,000

Maturity period = 10 years

Bonds were issued at face value.

Interest rate = 8%

Interest is paid once per year on December 31.

Since, the bonds are issued at the face value, so there would be no premium or discount on the issue of bonds.

The cash is received by the company for issuing bonds and it is debited. We know that bonds are a part of liabilities, so they are credited

Therefore, the journal entry is as follows:

Cash A/c Dr. $100,000

To bonds payable $100,000

(To record the issuance of bonds)

7 0

3 years ago