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Setler [38]
3 years ago
12

2 Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; no

t in labor force 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force
Business
1 answer:
schepotkina [342]3 years ago
3 0

Answer:

230 million

Explanation:

The labour force of a country is made up of those that are employed and those that are willing to work (that is looking for employment).

It indicates the total number of people that's willing and able to work in an economy.

In the given scenario total population is 500 million. The people under 16 or institutionalised are not considered part of labour force as legal working age is 18 years.

The number of people not in labour for is 150 million. This is also deducted from total population.

Labour force = 500 - 150 - 120 = 230 million

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Other things the same, a decrease in the price level makes consumers feela.more wealthy, so the quantity of goods and services d
djyliett [7]

Answer:

<h2>The answer in this case would be option a. or feel more wealthy, so the quantity of goods and services demanded rises. </h2>

Explanation:

  • As a common consumer psychology,as the price of any good or service decreases,any rational consumer or buyer feels more wealthy compared to before as the purchasing power of the consumers or buyers pertaining to that particular good or services has increased,everything else held constant.
  • Purchasing power of any good or service is generally reflected by the purchasing or buying capacity of that good or service with the amount of money that a consumer or buyer has at his or her disposal.
  • As the price of any good or service decreases,it becomes cheaper to the consumer,again everything else considering constant.In other words,it increases the purchasing power or capacity of the consumers or buyers.Therefore,the typical consumer or buyer will prefer or demand more of that particular good or service thereby,increasing its quantity demanded due to a price reduction.
3 0
3 years ago
You and another project manager disagree over whether a team member should work on your team or on her team. You decide that the
andrezito [222]

Answer:

A. Smoothing

Explanation:

The smoothing approach is a conflict resolution technique that occurs when the project manager seeks to resolve the conflict by seeking an agreement that is beneficial to everyone, that is, seeking to reach consensus on a certain situation to mitigate divergences and thus focus back to work and not conflict.

This technique is a quick solution for the resolution of conflicts that is generally effective in the short term, because the conflict, even if it exists, is left aside while there is a viable solution, such as what happened in the question, that despite the two managers want the team member working for him full time, each of the managers gave in to have the employee working part time for each one.

5 0
3 years ago
When prices rise, consumers and businesses hold larger money balances. This reduces the supply of loanable funds, increases the
Vladimir79 [104]

The supply of loan able funds, increases the interest rate, and discourages both consumption and investment. This process is called the <u>Interest Rate Effect</u>

Explanation:

The impact of a rise in the cost of borrowing on production costs due to price inflation within an economy.

The interest rate effect reflects the fact that most consumers and business finance managers will cut back on their borrowing activities when interest rates increase.

3 0
3 years ago
In 2020, Metlock Corporation had net cash provided by operating activities of $569,000, net cash used by investing activities of
Mashcka [7]

Answer:

See below

Explanation:

The cash balance as at the end of December 31 2020 is the net cash provided by operating activities, less net cash used by investing activities plus net cash provided by financing activities plus the beginning cash balance as at January 1, 2020

Net cash provided by operating activities = $569,000

Net cash used by investing activities = $988,000

Net cash provided by financing activities = $595,000

Beginning cash balance = $331,000

Closing cash balance = $569,000 - $988,000 + $595,000 + $331,000

Closing cash balance = $507,000

3 0
3 years ago
Develop a sample budget for someone aged 55-65, considering the adjusted income and expenses in this life phase.
Dominik [7]

Explanation:

55 to 65-Year-Old’s Budget

Particular            Per month

Housing                    $554

Food                         $245

Healthcare                $500

Pensions                    $350

Entertainment            $118

Transportation           $247

Cash                           $155

Other                          $94

5 0
3 years ago
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