Answer:
Service facilities must be located close to suppliers and laborers.
Explanation:
Services, unlike products, are intangible and are not produced or delivered the same way as products are.
<u>While production facilities for products, should be located close to suppliers and laborers, this is not the case with service facilities.</u>
Answer:
Option (a) is correct.
Explanation:
Real balance effect: This effect states the relationship between the price level and the purchasing power of the consumer. If there is a higher price level in an economy then this will reduce the purchasing power of the consumers and results in a fall in investment expenditure, net exports and consumption expenditure. That's why aggregate demand curve is slopes downward.
Interest-rate effect: This effect states the cost of borrowing funds with the price inflation in an economy. If there is a higher interest rate then most of the consumers cut down there borrowings activities which is one of the reason of downward sloping demand curve.
Foreign purchases effect: When there is a fall in the price level then as a result the price in the United states falls relative to the foreign prices. Hence, there is an increase in the U.S exports and decrease in the U.S imports.
Answer:
Inventory is an Asset.
Explanation:
Inventory is an asset because when a company buys an asset, they are investing in it, because they will sell it and make revenue/profit from it.
<span>The secondary labor market, sometimes called the competitive market, includes low-paying, low-skilled, insecure jobs.
</span>This type of labor market involves high-turnover, low-pay, and usually part-time or temporary work.<span> The secondary labor market mainly consists of high school or college students. </span>
