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Oduvanchick [21]
3 years ago
12

The following table shows the approximate value of exports and imports for the United States from 1997 through 2001.

Business
1 answer:
Alla [95]3 years ago
5 0

Answer:

Year       Exports - Imports          Percentage of GDP

1997        -101.4                            1.22%                      

1998        -161.8                            1.84%

1999        -262.1                           2.80%  

2000       -382.1                           3.84%

2001         -371                              3.61%

We can see that the deficit in grew every year except for the year 2001, when it was reduced a bit. This was because the U.S. began to import more goods than it exported.

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At the trough of the business cycle, cyclical unemployment is _____ and the actual unemployment rate _____ the natural rate of u
lianna [129]

Answer:

d. positive; exceeds

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Cyclical unemployment rate (CU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Natural Rate of Unemployment (NU).

Cyclical unemployment can be defined as a type of unemployment which is typically related to changes in the business, economy or industry cycle such as recession, governmental policies etc.

Mathematically, cyclical unemployment is given by the formula;

Cyclical \; unemployment \;  rate \; (CU) = Actual \; unemployment \; rate \; (AU) - Natural \; unemployment \; rate \; (NU)

>>> CU = AU – NU

The trough of a business cycle refers to the stage where decline (fall) in business activities ends and transit into expansion i.e the business moves from a decline (fall) to an expansion (rise).

Hence, at the trough of the business cycle, cyclical unemployment is positive and the actual unemployment rate exceeds the natural rate of unemployment because there's an increase in the level of output or productivity.

7 0
3 years ago
Elegance Bath Products, Inc. (EBP) makes a variety of ceramic sinks and tubs. EBP has just developed a line of sinks and tubs ma
Arlecino [84]

Answer:

C) 410 tubs

Explanation:

the contribution margin for sinks is $70 (= $150 - $80) and the contribution margin for tubs is $150 (= $600 - $450).

the molding equipment has 4,050 hours of capacity per year, so it can produce either 2,025 sinks or 810 tubs.

we can determine what product is more profitable if we determine a contribution margin per molding equipment usage ratio:

  • sink = $70 / 2 hours = $35 per hour
  • tub = $150 / 5 hours = $30 per hour

It is more profitable to produce sinks than tubs, but we can sell only 1,000 sinks per year, so even after we product the 1,000 sinks we will have spare molding equipment capacity which we can use to produce tubs.

The spare molding equipment capacity after producing sinks = 4,050 total hours - 2,000 hours used to produce sinks = 2,050 spare molding hours

We can produce 410 tubs (= 2,050 molding hours / 5 hours per tub)

7 0
4 years ago
Bill wants to increase his herd of cattle on his farm. Right now, he his herd numbers around 100, and he has 100 acres of his fa
NISA [10]

Answer: Bill should analyze his current situation and evaluate the level of resources he has in present.

Explanation: In the given case, Bill has 100 herd and 100 acres of his farm for pasturisation, since the question is asking the advice from the aspect of a sociologist so the cost - profit analysis will not be taken into consideration.

As per a sociology approach of decision making, Bill should evaluate the capacity of his land for carrying out the operations and should set aside more land if he wants to increase the level of his activities.

5 0
3 years ago
Through fraudulent means, Frank induces Ethel to sign a contract to invest with him the profits from her business. When Ethel le
Andreas93 [3]

Answer:

a. ​enforce the contract or recover what she invested with Finlay.

Explanation:

From the question we are informed about Frank which Through fraudulent means, he induces Ethel to sign a contract to invest with him the profits from her business. In this case When Ethel learns the truth, she may enforce the contract or recover what she invested with Frank. Contract can be regarded as an agreement that exist between two parties which could be private parties to create obligation which is mutual and is enforceable under law, element needed for a contract to be valid is that there must be valid offer as well as acceptance.

3 0
3 years ago
Pros and cons on outdoor advertising
Mademuasel [1]
If I'm correct-- by outdoor advertising do you mean commercials and ads encouraging people to go outside?
7 0
4 years ago
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