Answer:
Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.
Explanation:
Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.
New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.
This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.
Answer:
An expert, more generally, is a person with extensive knowledge or ability based on research, experience, or occupation and in a particular area of study.
Explanation:
Answer:
d. $1,650
Explanation:
The unreimbursed business expense are cash expenditures make by the employee which related to their job and aren't payback from the business
Charles unreimbursed expenses:
Entertainment $ 1,100
Transportation $ 700
Education $ 400
The IRS only allows for meals and entertainment a person a deduction up to 50%:
1,100 x 50% = 550
This make the total amount deductible for: 700 + 400 + 550 = 1,650
Answer:
$-22,000
Explanation:
The sales price variance is a measure of the difference between what a firm expected to make in sales revenue, and what it actually made.
The formula is:
(Actual Selling Price - Expected Price) x Units Sold
Plugging the amounts into the formula we obtain:
= (15,000 - 16,000) x 22
= -1,000 x 22
= -22,000
Thus, the price variance is -22,000