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Art [367]
3 years ago
9

Choose all the scenarios below that would cause a decrease in the supply of labor in the agricultural industry.

Business
1 answer:
Alika [10]3 years ago
7 0

Answer:

  • b. As the population in the United States ages, fewer workers have the physical ability to work in the industry.
  • d. Due to global warming, working conditions on farms have become undesirable for more and more people.
  • e. The adoption of strict immigration laws reduces the number of legal and illegal immigrants in the United States.
  • h. New machinery is replacing workers in the harvesting of crops.

Explanation:

With workers getting older and being unable to be as productive as they used to be, they will have to drop out of industries that require physical strength including farming. This will therefore reduce people working in agriculture.

With global warming having made working in the fields much more harsh, people are avoiding careers that would keep them outdoors including farming which has led to a drop in the labor supply for agriculture.

A significant portion of workers in agriculture are immigrants so when immigration laws limit the number of immigrants coming in, labor supply in agriculture will reduce.

New machinery reduces the need for workers in agriculture so the more they are bought, the less workers are needed. This will therefore directly reduce the number of people working in agriculture.

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You and four other team members attend a seminar on conflict. The seminar costs $150 per person. You will need to drive two cars
Sveta_85 [38]

Answer: $825

Explanation:

Total seminar cost for the team;

= 150 * 5 people

= $750

Two cars need to be driven the 100-mile round trip at 37.5 cents per mile.

= 2 * 100 * 37.5

= 7,500 cents

= $75

Cost of Seminar = 750 + 75 = $825

5 0
3 years ago
When Federal Reserve Banks purchase government from commercial banks, they increase the reserves in the banking system, which th
Arte-miy333 [17]

When Federal reserve banks purchase government securities from commercial banks, they increase the reserves in the banking system and they also increase the lending ability of the commercial banks.

If the Federal reserves want to increase the reserves, what they do is to buy securities. They then make a deposit to the account held at the commercial bank.

An example is if the Feds should buy securities of 1000 dollars, the bank would be having an excess of 1000 dollars to lend.

Read more on brainly.com/question/13068941?referrer=searchResults

4 0
3 years ago
You and your new spouse each bring home $1400 each month after taxes and other payroll deductions. By living frugally, you inten
Annette [7]

Answer:

22 months

Explanation:

The 20% down payment which is target savings =$165,000*20%=$33,000

The are two paychecks which is $1,400 each

monthly savings is one paycheck=$1,400

rate of compounding is 7.83% yearly=7.83%/12=0.006525  monthly

The number of months the savings will reach $33,000 can be computed using the nper formula in excel as shown below:

=nper(rate,pmt,-pv,fv)

rate is the monthly rate i,e 0.006525

pmt is the monthly savings of $1,400

pv is the present worth of the savings which is unknown

fv is the future value of target savings which is $33,000

=nper(0.006525,-1400,0,33000)=22 months approximately

4 0
3 years ago
"Malika wants to study the effect of rising textbook prices on the number of books students purchase. In planning her study, she
antoniya [11.8K]

Answer:

Use the ceteris paribus assumption

Explanation:

By using the ceteris paribus assumption she can assume all other conditions are equal and that the number of books purchased by students and the price of the books are the only variables in the study

With the Latin phrase, ceteris paribus, meaning all other things are the same or other things considered as being equal or remain constant, it is possible to determine causation of an event by focusing on the effect of a one of the several independent variables on the dependent variable.

4 0
3 years ago
Consider the market for hamburgers in an economy where the market equilibrium is characterized by a quantity of hamburgers of 50
lora16 [44]

Answer and Explanation:

1. Is economically efficient because the opportunity cost of producing the last hamburger equals the marginal benefit of consumption

the economy is efficient since the equilibrium quantity is exactly produced at the equilibrium price

2 and 3.

a. The market price is determined solely by the forces Of supply Of and demand for a good.

b. Firms can freely enter Or exit the market without any barriers.

c. Private property rights are well-defined and enforced.

The above can all be seen as characteristics of an efficient market. Private property rights is included here since it is one of the bedrocks of capitalist economies which are fundamental for an efficient market

4 0
3 years ago
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