When workers stop working until management meets certain conditions, the event is called a Strike.
Strikes are usually performed by the workers to put their unfulfilled demands in front of the management and workers intent to continue the strike until their demands are fulfilled or other remedies are given which satisfy the workers.
Hence the correct answer is <u>Strike</u>
Answer:
the gross domestic product is $9,700
Explanation:
The computation of the gross domestic product is shown below
= Consumption spending + government spending + gross investment + exports - imports
= $6,000 + $1,200 + $1,500 + $2,000 - $1,000
= $9,700
Hence, the gross domestic product is $9,700
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
The correct answer is option b.
Explanation:
Inflation refers to the continuous and sustained growth in the general price level. As the price level rises, it reduces the purchasing power or value of cash balances held by the consumers to reduce. This causes real income to decline.
A certain level of inflation is desirable in an economy to promote growth but a high rate of inflation is harmful. Inflation can be of several types such as
- Demand-pull inflation
- Cost-push inflation
There are several measures used to calculate inflation, for instance, the consumer price index. To correct inflationary pressures, a government uses contractionary fiscal and monetary policy.
Answer:
CC100 has $31.25 per hour
CC11O has $250 per hour
CC120 has $62.5 per hour
CC190 has $62.5 per hour
Explanation:
The IDC rate for each department would be the department IDC allocated divided by operating hours as shown below:
CC100
IDC rate=$25,000/800=$31.25 per hour
CC110
IDC rate=$50,000/200=$250 per hour
CC120
IDC rate=$75,000/1200=$62.5 per hour
CC190
IDC rate=$100,000/1600=$62.5 per hour
Judging from the IDC rates of the departments,department CCC110 seems to have the highest IDC rate per hour,which implies that each hour is charged with $250 against the CC100 where each operating hours is just $31.25.
The higher the IDC rate in a department the higher the cost of the output of that department since the cost has to be recovered from output.
