Contingent workers may involve short-term employees, part-time.
They often receive fewer or no benefits from their employer, which result in a cost. These interns may work full-time part-time but they are likely to work for only. The capacity to make low-cost staffing adjustment has become mandatory.
Answer:
All of the above are correct.
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Because price is set above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus.
Because price is set above equilibrium price, quantity demanded will decrease
Answer:
a. Productive; Allocative
Explanation:
At full production capacity, all of the choices (no matter the trade-off) are <em>productive </em>by all means. However, the choice of a particular economy regarding the pinpoint on the production possibility frontier is representing <em>allocative </em>efficiency. One of the crucial tasks of economics is to efficiently allocate the resources in order to achieve full production capacity.
Answer:
$720
Explanation:
Data provided in the question:
Amount spent on mulch = $200
Amount spent on flowers and plants = $225
Amount spent on gasoline and lawn mower maintenance = $245
Amount spent on fertilizer for his lawn = $50
service of spreading = $500
service of distributing fertilizer = $50
expenditure = $1,200 per year
Now,
Johan's landscaping and yard work contribution to GDP
= Amount spent on mulch + Amount spent on flowers and plants + Amount spent on gasoline and lawn mower maintenance + Amount spent on fertilizer for his lawn
= $200 + $225 + $245 + $50
= $720
Hence,
Johan's landscaping and yard work contribution to GDP is $720
I'm pretty sure both the unemployment rate and the bankruptcy rate would be higher.
