Long term unemployment is defined as being unemployed for 27 weeks or more. In this example there are a total of 60 people, 52 people who would be categorized as short term unemployment and 8 people who would be categorized as long term unemployment.
In order to calculate the percentage of unemployment in each category you will need to divide the number in each category by the total number.
Short term = 52/60 = 86.7%
Long term - 6/60 = 13.3%
Answer:
c.a decrease in quantity demanded of poultry and an increase in the demand for fish.
Explanation:
The law of demand states that the higher the price , the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Following from the law of demand, if the price of poultry increases, the quantity of poultry demanded would fall.
Because fish and poultry are subsituites goods, if the price of poultry increases, the demand for fish would increase.
I hope my answer helps you.
Answer:
d. the rate at which a person is willing to give up bags of fries to get more burgers while staying on the same indifference curve
Explanation:
Marginal rate of substitution is defined as they way an individual nos willing to let go of one good in preference for another one while sustaining a particular level of utility or indifference curve.
An indifference curve is made up of different combinations of two products that a consumer's views as having the same value.
In the give scenario marginal rate of substitution measures the willingness of the individual to give up fries for burgers while maintaining a level of satisfaction
Answer:
ill answer shortly just leaving it here os i dont forget about it
Explanation:
