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2 years ago

Individuals who want to work, but have given up searching for a job because of limited prospects, are known as.

1 answer:

6 0

Individuals who want to work, but have given up searching for a job because of limited prospects, are known as discouraged workers.

<h3>Who are discouraged workers?</h3>

Discouraged workers are labour who are above 18 years and below 60 years but have given up on ever finding a job and thus are not actively searching for a job.

Discouraged workers are not counted as part of the labour force and they are not considered to be unemployed.

To learn more about unemployment, please check: brainly.com/question/10940465

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In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to

vampirchik [111]

Answer:

Quantity of oil bought & sold would depend upon relative change i.e increase & decrease in demand & supply respectively.

↑Dd = ↓Sy : Qty same
↑Dd > ↓Sy : Qty ↑
↑Dd < ↓Sy : Qty ↓

Explanation:

Libya is an exporter of Oil to China. It implies china's demand for oil is satisfied by Libya's imports.

Usual markets are at equilibrium when market demand = market supply, demand & supply curves intersect.

Political unrest in Libya decreasing oil production, would decrease supply (exported) of oil to China & sift supply curve leftwards. Simultaneously, increase in China demand for oil would shift the demand curve rightwards. These changes in demand, supply would create excess demand. Excess demand would cause competition among buyers & increase the new equilibrium price.

However, <u>Quantity </u>of oil bought & sold would depend upon relative change , shift in demand & supply. If increase in demand is equal to decrease in supply, the quantity would remain<u> same.</u> If increase in demand is more than decrease in supply, quantity will <u>increase</u>. If increase in demand is less than decrease in supply, the quantity will <u>decrease.</u>

3 0

3 years ago

What is the basic objective of monetary policy? What are the major strengths of monetary policy? Why is monetary policy easier t

Mars2501 [29]

Answer: The answers to the question are provided below.

Explanation:

The basic objective of the monetary policy is to achieve economic growth, full employment, and price stability in an economy. The major strengths of the monetary policy are its flexibility and speed when compared to fiscal policy. Monetary policy is faster to implement and brings about desired changes faster.

Monetary policy is easier to conduct than fiscal policy because:

• Monetary policy is implemented by independent monetary authorities. Therefore, unpopular decisions such as the increase of interest rates to decrease inflationary pressure can be used.

• Fiscal Policy is the use of taxation and government spending to control economic activities but it is difficult to get a department that is willing to have its spending cut in order to help the economy.

• Increasing taxes will always be unpopular among individuals and firms and increasin corporations and income tax may lead to supply side effects. For example, increasing income tax may lead to the reduction in the incentives to work.

Fiscal and monetary policies are both effective. In a deep recession and a liquidity trap, the fiscal policy can be more effective than the monetary policy because the government creates job, pays for new investment schemes, rather than relying on the use of monetary policy to indirectly motivate businesses to invest. Likewise, the monetary policy is also more flexible and faster.

4 0

4 years ago

Choose the answer for the three drop-down menus in the picture

Natali5045456 [20]

Answer:

1. conservatively

2. elevator pitch

3. Smile

Explanation:

You want to dress formally at an interview not casual. An elevator pitch is where you briefly try to sell yourself, in this case you would want to sell yourself to the employer to showcase your qualifications so they hire you. Joking may not be appropriate at an interview but smiling makes you come off as nice.

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3 years ago

Read 2 more answers

Business ethics concerns:

Softa [21]

Ethics refers to acceptable conduct in any setting therefore it concernscconcerns the behaviour thebehavioithbusiness

6 0

4 years ago

At the beginning of the current period, Teal Mountain Corp. had balances in Accounts Receivable of $211,200 and in Allowance for

cupoosta [38]

Answer and Explanation:

The Journal entry is shown below:-

a. Accounts Receivable $804,300

To Sales $804,300

(Being credit is sales recorded)

Cash Dr, $839,040

To Accounts Receivable $839,040

(Being collection during the period is recorded)

b. Allowance for Doubtful Accounts Dr, $7,902

To Accounts Receivable $7,902

(Being uncollectible accounts are written off is recorded)

c. Accounts Receivable Dr, $3,002

To Allowance for Doubtful Accounts $3,002

(Being to reinstate collected account previously written off is recorded)

Cash Dr, $3,002

To Accounts Receivable $3,002

(Being collection of previously written off is recorded)

d. Bad Debts Expense Dr, $18,170

To Allowance for Doubtful Accounts $18,170

(Being adjust allowance for doubtful accounts is recorded)

Working note:-

Allowance for Doubtful Accounts

Beginning balance $9,490

Written off $7,902 Recovery $3,002

Bad debts $18,170

Ending balance $22,760

5 0

3 years ago