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Elis [28]
3 years ago
6

Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4 mil

lion are working part-time and 13.19 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.40 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 12.33 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force
Business
1 answer:
grandymaker [24]3 years ago
5 0

Answer: 22.71 million

Explanation:

The labor force refers to both the employed and unemployed populations of a country. In other words it comprises of those who are working and those who are not working but are able to and are currently seeking employment.

Labor force = Unemployed + Employed

= 3.4 + 1.72 + 4.4 + 13.19

= 22.71 million

Those who have not looked for work in sex weeks and above are not considered unemployed.

Part time employees are considered employed.

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Riley, age 16, and Samuel, age 36, enter into a contract in which Riley will sell Samuel his car for $11,000. The next day, Samu
Olin [163]

Answer: The answer is that Riley cannot enforce the contract because he is a minor.

Explanation:

Contract is an agreement between two or more individuals which is enforceable by the law. For a contract to be considered valid in law it must contain some essential elements such as the following

Offer: This is the person who is making the offer in the contract agreement, known as the offeror

Acceptance : This is the person who is willing to accept the offer, known in this case as the offeree.

Consideration : The law states that, all simple contract must be supported by value consideration known as price.

Intention to create legal relations :The parties in contract must agree to enter into a legal relationship as regard the contract.

Capacity : The law also states that, The parties in contract must be capable of entering into contract at the time of coming into the contract. In other words, the person must be of age of 18 years and above.

Legality : The contract must not contrary to the law , it must be seen to be legal according to the law .

Therefore, in the question under review, Riley is 16 years, by law he is a minor, he has not fulfilled one of the essential elements of a valid contract which is capacity. The law states that, any contract enter into with a minor is null and void according to law.because, as at the time of entering into the contract such a minor is not capable of entering into the contract. Therefore, Riley will not be able to enforce the contract because he is a minor.

3 0
3 years ago
Services can not be stored, warehoused, or inventoried. Because of this, many hotels and airlines offer deep discounts on rooms
vagabundo [1.1K]

Answer: This scenario demonstrates the PERISHABILITY quality of services.

Explanation: A Service Organisation can be defined as an organisation that practice the provision of such a service as economic activity.

Some of the qualities of Services include; variability; perishability; heterogeneity etc.

The perishability quality of service refers to the fact that services cannot be stored, warehoused, or inventoried and, therefore, are perishable.

4 0
3 years ago
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Jarvis is a coffee farmer who wants to hedge his entire coffee crop that will be harvested by September. The December coffee con
aleksandr82 [10.1K]

Answer: Sell four December coffee future contracts at $2.00 per pound

Explanation:

Based on the scenario in the question, the number of contracts that is required for hedging the entire crop will be gotten by dividing the total number of crops by the pounds that are available in one contract. This will be:

= 150,000/37,500

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Therefore, the answer will be for Jarvis to sell four December coffee future contracts at $2.00 per pound

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3 years ago
"If the option will cost the investor an additional $10,000, should the investor purchase the option? Enter your answer in thous
kykrilka [37]

Answer:

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An option is a contract that allows investors to buy or sell instruments such as security, Exchanged Traded Fund or an index at a pre-determined price over a certain period of time.

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Vice versa, if the additional $10,000 is much more than expected profit, and even lower but significantly drop down the total profit of an investment; and the investor always wish to have a high profit regardless high risk; then he shouldn’t buy this option.

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The ecoist manufactures handbags out of excess packaging that would otherwise end up in landfills. this is an example of​ values
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3 years ago
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