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Vilka [71]
3 years ago
5

Demand for workers in some industry declines. These workers are reluctant to have a cut in their nominal wage. However, a. infla

tion will raise their real wage and so increase the number of available workers. b. inflation will raise their real wage and so decrease the number of available workers c. inflation will reduce their real wage and so increase the number of available workers. d. inflation will reduce their real wage and so decrease the number of available workers.
Business
1 answer:
djverab [1.8K]3 years ago
4 0

Answer:

d. inflation will reduce their real wage and so decrease the number of available workers.

Explanation:

In the case when the demand for workers in some industries declines and they have to cut in nominal wages, so there would be increase in the wage bill of the industry because of this the price of the products will increased that also increase the inflation.

In the case when the inflation is rise, the real wage would fall as there would be declining in the purchasing power of money

So, the option d is correct

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The income approach calculates the _____.
Fantom [35]

Answer:

National income

   

Explanation:

 Income method of gross domestic product (GDP) measurement is focused onto the accounting fact that almost all economic spending should be equivalent to the amount of revenue earned by the output of all consumer products and services.

This method also supposes that an economy has 4 major production determinants and all earnings must go to any of these 4 sources. Thus a simple calculation of the gross tangible value of commerce over a span could be made by combining all revenue sources.

Thus, from the above we can conclude that the correct option is C.

8 0
3 years ago
What is the main difference between a personal characteristic and a skill ?
Arisa [49]

The main difference between a personal characteristic and a skill is its origin.

personal characteristics are inherent qualities within a person while skills are learned and developed by a person.

Personal characteristics include habitual patterns of behavior, temperament, and emotion while skills include talents like self-confidence, good attitude and good listening behavior which are necessary to carry out specific tasks.

5 0
3 years ago
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Which of the following statements is CORRECT? a. If a company follows a policy of "matching maturities," this means that it matc
Butoxors [25]

Answer: d. Although short-term interest rates have historically averaged less than long-term rates, the heavy use of short-term debt is considered to be an aggressive strategy because of the inherent risks associated with using short-term financing.

Explanation:

Using short term financing is generally considered to be an aggressive strategy and is more often than not frowned upon by investors.

This is because of the reputational risk involved. A company that keeps using short term financing gives off the impression that it is barely keeping afloat and therefore relying on short term loans to continue functioning.

Other risks involved include, short term loans are usually given in small quantities so they cannot be used effectively as they will bareky go anywhere in terms of investment and their payback installment schedule can be in weeks instead of months like long term financing which can be detrimental to survival.

This is as opposed to a Conservative Approach that uses long term financing to finance most of it's Working Capital.

7 0
4 years ago
Sweet Sue Foods has bonds outstanding with a coupon rate of 5.50 percent paid semiannually and sell for $1,917.12. The bonds hav
RoseWind [281]

Answer:

Current yield=5.74%

Explanation:

Calculation for the current yield for these bonds

Current yield = (.055× $2,000)/$1,917.12

Current yield =$110/$1,917.12

Current yield=0.0574*100

Current yield=5.74%

Therefore the current yield for these bonds will be 5.74%

6 0
3 years ago
Explain the difference between a direct tax and an indirect tax.
leonid [27]

Answer:

Taxes can be either direct or indirect. A direct tax is one that the taxpayer pays directly to the government. These taxes cannot be shifted to any other person or group. An indirect tax is one that can be passed on-or shifted-to another person or group by the person or business that owes it.

Explanation:

4 0
3 years ago
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