Answer: Option (iv) is correct.
Explanation:
Frictional unemployment is always present in an economy. Frictional unemployment occur because of the transitions in the employment of the individuals. It is included in the natural unemployment, because it shows the minimum level of unemployment in the economy.
When a person quit his first job and looking for a new job, this is known as frictional unemployment.
So, option(iv) is correct.
Answer: allows businesses, within broad limits, to choose what goods to produce
Explanation:
Free enterprise also referred to as the free market is a form of economy whereby prices, services and products, are determined by the market, and not the government. In free enterprise, the susinesses and services are free from the control of the government.
Things that are free means they are unconstrained, while a business means an enterprise. Therefore, the free enterprise is an economy whereby the businesses are free from the control of the government.
Answer: c. 3%
Explanation:
The Insurance company guaranteed that the minimum rate that they will pay their policyholders as 3%. Just because the investments are now drawing only 2.5% due to the economic downtown does not absolve them of this agreement.
They must therefore still pay their policy holders the minimum return guaranteed which is 3%.
Answer:
groupthink.
Explanation:
Analyzing the above information, it is correct to state that Henry, Bekah and Marcella are involved in the groupthink heuristic, which occurs when there is a group consensus regarding an idea or motivation, in favor of unanimity, without ever researching and evaluating accurately the decision, as stated in the statement in the question.
Groupthink is a phenomenon that occurs when members give up their individual opinion and agree with some suggestion from other members to avoid conflict and keep the group cohesive. This can be a negative behavior when group cohesion becomes more relevant than an opinion and constructive suggestion for the group's challenges.
Answer:
The answers are:
B) Transfer the remaining funds to the debt service fund which will be handling the long-term debt incurred for the construction of the building.
C) Return the excess to the source of the restricted funding.
Explanation:
The fund balance of $12,000, means that the money left over was $12,000. When a government entity's project has a left over or excess, called surplus, it must first return it to the debt service fund.
At the end of the construction project if any money is left over, it must be returned to the source of the restricted funding.
