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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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Answer and Explanation:

Answer and explanation attached

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Answer:

Direct material purchase budget = 546,000  pounds

Explanation:

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3 years ago
If a seller wants to increase revenue from the sale of a product with a price elasticity of demand coefficient of 1.6, then the
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4 years ago
The Petit Chef Co. has 10.8 percent coupon bonds on the market with eight years left to maturity. The bonds make annual payments
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II, III, and IV only

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The first statement is wrong. IRR is the rate that causes the net present value of a projects cash-flows to exactly equal zero, and therefore a project with a required rate of return higher than the IRR would mean that the cash-flows have to be discounted by a higher rate, which would yield a negative net present value. Such a project would reduce shareholder wealth and should be rejected. The other 3 statements are correct.

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4 years ago
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