If the unemployment is high, then it will leads the huge effect in the economy.
The term unemployment is defined as the individuals who do not have a job are considered unemployed and it will also includes not having either a part-time, full-time or independent contractor position.
Here we have given that we need to find the effects when high unemployment rate on economy.
As we all know that the high unemployment rate affects the economy in many ways.
Where as the unemployed people tend to spend less, may accrue more debt, and unemployment may lead to higher payments from state and federal governments for things like food stamps.
On the other hand they do not have any other source of income often rely on their savings or borrowed money to fund essential costs such as food and living expenses.
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T/F the unemployment rate includes marginally attached workers and underemployed workers.
The unemployment rate includes marginally attached workers and underemployed workers. This is a true statement.
What does unemployment rate actually mean?A person's percentage of the labor force who is jobless is known as the unemployment rate. Thus, recognizing the labor force is required in order to calculate the unemployment rate. All employed and persons are a part of the labor force.
Why is unemployment a problem?Unemployment is cyclical when there is little consumer demand. When demand declines, businesses suffer too many losses. Employees must be let go if the company doesn't anticipate a quick increase in sales. It is cyclical because the increasing unemployment leads to a further decline in consumer demand.
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How do you think the study of economics can help you become a better decision maker?.
Answer:
ans is in below:
Explanation:
More broadly, an economics degree helps prepare you for careers that require numerical, analytical and problem solving skills – for example in business planning, marketing, research and management. Economics helps you to think strategically and make decisions to optimise the outcome.
What is the basis for trade: absolute or comparative advantage? How can an individual or country gain from specialization and trade?
The basis for trade is comparative advantage. Comparative advantage is an economic concept that refers to the ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than others.
It states that even if one country is less efficient than another in producing all goods, it still can benefit from trade if it has a lower opportunity cost in producing certain goods.
Specialization and trade allow an individual or country to gain by focusing on the production of goods and services that they have a comparative advantage in and then trade for the goods and services they have a comparative disadvantage.
This allows them to produce and consume more than they would be able to otherwise because they can produce more of what they are best at and trade for other goods and services.
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Amirah, Huixian and Priya make a total of 1530 toy in the ratio 12:16:17. Find (i) the number of toy Huixian make
The sum of Amirah, Huixian, and Priya is 1530 toys with in ratio 12:16:17. So, Huixian makes 16/45 x 1530 = 640 toys.
What do you mean by ratio?
Ratio is expressed as a fraction, and it can be used to compare different values or quantities in terms of their sizes. Ratios are used to compare different amounts of a given item, such as the number of apples to oranges in a basket, or the number of cars to buses on the road. Ratios are also used to compare different types of items, such as the number of books to magazines in a library. Ratios can be used to compare items of different sizes, weights, or volumes, allowing us to make comparisons between objects that are difficult to compare directly. Ratios can also be used to compare different types of measurements, such as miles per hour or liters per second.
So, the number of toy Huixian makes is 640.
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Which of the following is an example of economic regulation?
a. regulation of derivative trading
b. antitrust laws
c. all of the above
You inherited an oil well that will pay you $25,000 per year for 25 years, with the first payment being made today. If you think a fair return on the well is 7. 5%, how much should you ask for it if you decide to sell it?.
$299,574 should you ask for oil well if you decide to sale it.
What is sales?A sale is a deal that involves exchanging products or services for a specific sum of money. In other terms, a sale is any action that involves giving the buyer possession of a thing or commodity in return for money. Sales, as used in general commercial operations, refer to any transactions where money or value is transferred for the right to own a good or access to a service. Sales in an accounting context refers to a company's revenue from the selling of goods or services (net sales).
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Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2020, Greene's Goods and Solar Enterprises. Determine the missing amounts. Greene's Goods Solar Enterprises Beginning of year: Total assets $110,000 $129,000 Total liabilities 85,000 49000 (0) Total owner's equity 25000 (a) 80,000 End of year: Total assets Total liabilities Total owner's equity Changes during year in owner's equity: 160,000 120,000 40,000 180,000 50,000 130,000 Additional investment 7000 (6) 25,000 Drawings 37,000 15000 (d) $U
The missing amounts are a) $79,000, b) $22,000, c) $51,000, d) $15,000 and e) $6,000.
What is basic accounting?
The theory used in this question is the basic accounting equation which states that Assets = Liabilities + Equity.
This equation can be used to determine the missing amounts in the summaries of Greene's Goods and Solar Enterprises.
Step 1: Start with the beginning of year data for Greene's Goods. We know that the Total Assets = $110,000, Total Liabilities = $85,000 and that the Total Owner's Equity is missing. We can use the basic accounting equation to solve for Total Owner's Equity.
Assets = Liabilities + Equity
110,000 = 85,000 + Equity
Equity = 25,000
Step 2: Now look at the ending of year data for Solar Enterprises. We know that the Total Assets = $180,000, Total Liabilities = $50,000 and that the Total Owner's Equity is missing. We can use the basic accounting equation to solve for Total Owner's Equity.
Assets = Liabilities + Equity
180,000 = 50,000 + Equity
Equity = 130,000
Step 3: Lastly, look at the changes in owner's equity for each proprietorship. For Greene's Goods, we know that Additional Investment = $7,000 and Drawings = $37,000. We can use the basic accounting equation to solve for the missing amount.
Change in Equity = Additional Investment + Drawings
Change in Equity = 7000 + 37000
Change in Equity = $44,000
For Solar Enterprises, we know that Additional Investment
= $25,000 and Drawings = $15,000.
We can use the basic accounting equation to solve for the missing amount.
Change in Equity = Additional Investment + Drawings
Change in Equity = 25000 + 15000
Change in Equity = $40,000
Therefore, the missing amounts are:
a) $79,000
b) $22,000
c) $51,000
d) $15,000
e) $6,000
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A financial institution discovers a positive correlation between better investment growth and diversification. How can they use that information to improve their customer experience?.
Financial institutions can use this information to provide customers with a more comprehensive portfolio that is tailored to their individual needs. By diversifying a customer's investments, the institution can help them to mitigate risk and achieve higher returns.
What are Financial institutions ?
Financial institutions are businesses that provide financial services and products to their customers. These institutions include banks, credit unions, insurance companies, investment firms, and other related organizations. They are essential for helping individuals and businesses access the financial resources they need. Financial institutions provide services such as deposit accounts, loans, mortgages, investments, and wealth management. They also help people manage their money, save for retirement, and protect their assets from potential risks. By working with financial institutions, customers can better prepare for their financial future and take advantage of opportunities for growth.
So, Financial institutions can use this information to provide customers with a more comprehensive portfolio that is tailored to their individual needs.
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What is meant by opportunity cost Mcq?.
a method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances
The correct response would be Cap and trade, It is a strategy that uses market forces to limit emissions efficiently and cost-effectively.
Emission trading, often known as "cap and trade," is a low-cost method of lowering greenhouse gas emissions. A government puts a cap on the maximum level of emissions and creates permits, or allowances, for each unit of emissions allowed under the cap to incentivize corporations to lower their emissions.
For each unit of emissions, emitting companies must obtain and submit a permit. They can get permits from the government or trade with other businesses. The government may opt to give away the permits for free or auction them off.
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Examines the entire economy of a state, a country, or even the world, So it examines total output, the price level, and other aggregate measures of the economy.
Macroeconomics examines the entire economy of a state, a country, or even the world, so it examines total output, the price level, and other aggregate measures of the economy.
Macroeconomics is a branch of economics which looks at the overall performance of an economy on a large scale.
It takes into account various measures such as total output, the price level, and other aggregate indicators to determine the health of the economy.
By studying these economic indicators, economists can create economic policies and models that can help shape and manage the economy for the better.
Macroeconomics is an important tool for policymakers, business owners, and investors, as it provides insight into the economy and its current state.
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which form determines how much federal income tax is withheld from your paycheck?
Complete Form W-4 to help your employer withhold the correct federal income tax from your paycheck. Consider completing a new Form W-4 each year and each time your personal or financial circumstances change.
When you get a new job, your employer will ask you to complete Form W-4, the employee's tax withholding certificate. How you fill out this form determines how much tax your employer will deduct from your paycheck. Your employer will send the money deducted from your paycheck to the Internal Revenue Service (IRS) along with your name and social security number for reference.
Withholding tax is deducted against your annual income tax bill, which you calculate when you file your tax return in April. The employee completes the W-4 form to notify the employer of the amount of tax to be withheld from payroll based on filing status, dependents, expected tax credits, and deductions.
Any errors in completing the form may result in tax charges when you file your tax return. The IRS has simplified his form for 2020.
An employee can change her tax withholding at any time by submitting her new W-4 to her employer. Each new employer requires a new her W-4 to be completed.
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Seventeenth-century economic theory that held that the prosperity of a nation depended on a large supply of gold and silver
a. Columbian exchange
b. Mercantilism
c. Middle passage
Out of the choices given, it may be brought into conclusion that the economic theory of mercantilism was the one that had held prosperity of a nation which depended on a large supply of gold and silver, especially during the seventeenth century. Therefore, the option B holds true.
A lot of economic theories have been able to dominate and stay relevant during different economic periods that have existed. Moreover, the theories have also evolved as per the changing needs and requirements of the ever-increasing scope of operations. However, the theory of mercantilism stayed relevant in the world during the seventeenth century, as the supply of gold and silver was a need of a nation to prosper.
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How unemployment affects the economy of Pakistan?.
Unemployment has affected the economy of Pakistan with greater debts on the country's economy.
High unemployment costs the individual, society, and the nation tremendously.
Over 31% of Pakistan's youth are currently unemployed, according to the Pakistan Institute of Development Economics (PIDE). Of this group, 51% of the women and 16% of the men have professional degrees.
A high unemployment rate has a variety of effects on the economy. Unemployment may result in increased payments from the state and federal governments for things like food stamps because unemployed persons tend to spend less and may accumulate more debt.
Present day economic issues in Pakistan include the current account deficit and the budgetary imbalance.
Long-term unemployment may cause skills to deteriorate, thereby starving the economy of potentially valuable talents.
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Businesses that structure their value chain around activities that enhance the features and functions of their products are using a cost leadership strategy. Group of answer choices True False
The statement that ''Businesses that structure their value chain around activities that enhance the features and functions of their products are using a cost leadership strategy'' is false.
Cost leadership is a business strategy where companies focus on reducing costs and providing products or services at the lowest prices in the industry.
This strategy helps businesses increase their market share and gain a competitive advantage by providing the lowest prices. Businesses that structure their value chain around activities that enhance the features and functions of their products are able to reduce their costs and increase the value of their products.
By reducing costs, businesses can offer products and services at a lower price than their competitors, which will help them attract more customers.
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Which of the following is a characteristic of communist economies in reality?
high standards of living
low prices
absence of corruption
excessive freedom
critical shortages of consumer goods
critical shortages of consumer goods is a characteristic of communist economies in reality.
What is a communism?
In a communist economic system, the group controls the means of production. The four main production factors are labor, enterprise, capital, and land. The central planners direct the populace as to where they should work, despite the fact that the government does not technically own the labor force.
Despite the fact that the two ideologies differ significantly, communism and socialism are frequently used to contrast and compare capitalism.
Power structures in communist systems are centralized, which has both and drawbacks.
China, Cuba, Laos, North Korea, and Vietnam are the final five remaining communist nations, albeit their political systems are currently undergoing major changes.
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Danielle wants to live in a country where she is free to start a business in a field of her choice and pay minimal taxes. (Click to select)
As Danielle wants to live in a country where she is free to start a business in a field of her choice and pay minimal taxes, the best economic system for her would be capitalism. Option A.
Capitalism is the most suitable economic system for Danielle as it allows her to start a business in a field of her choice with minimal taxes.
Capitalism is based on the idea of free markets and competition where individuals and businesses can freely buy and sell goods and services. This system encourages innovation, creativity, and risk-taking which is beneficial for people looking to create their own businesses.
It also ensures that taxes are kept to a minimum, as businesses compete against each other, the government is less likely to raise taxes or implement costly regulations.
This makes capitalism an ideal system for entrepreneurs like Danielle who want to live in a country with minimal taxation and access to plenty of business opportunities.
Additionally, capitalism allows for a high degree of personal freedom. People are allowed to make their own decisions and pursue their own interests without being restricted by the government.
Although a part of your question is missing, you might be referring to this question:
Each person listed below is looking for a particular set of circumstances they would prefer to live under. For each person, select the economic system that would best meet their needs.
Danielle wants to live in a country where she is free to start a business in a field of her choice and pay minimal taxes. (Click to select)
A) Capitalism
B) Socialism
C) Communism
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Which business is best for profit?
Answer:
Explanation:
1.Business Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ...
2.IT Support, Technology Consulting, and Repair. ...
3.Cleaning Services. ...
4.Accounting and Tax Preparation. ...
5.Auto Repair. ...
6.Real Estate.
"sun joe spx2680-max electric pressure washer, 13-amp, 2050 psi max, 1.2 gpm max" is this item worth buying? how does the company sell?
The axial cam pump of the Sun Joe SPX2680-MAX can deliver a flow of up to 1.2 GPM and a pressure of up to 2050 PSI when it is driven by a 13 amp universal motor (according to CSA testing standards).
Specifications of spx2680-max electric pressure washer:Since the SPX2680-MAX is such an electric pressure washer, starting the motor is as easy as flipping an ON/OFF switch. The item comes with a 35-foot GFCI wire, making it safe to use right away.
GENERAL FEATURES
As described below, this Sun Joe SPX2680-MAX includes a sprayer, a wand, high pressure hose, three nozzles, and a detergent adding feature.
Addition of soap: Attach the provided foam cannon toward the end of both the wand to add detergent to the fluid at the exit.Pressure hose: A set of handy hooks makes it easy to neatly store the 20-foot high-pressure hose that is included.Spray gun and wand: You can easily store the traditional, ergonomic spray gun but also its wand in a side hook.Nozzles: The table below lists the three provided nozzles along with the various surfaces that each one is suitable for.To know more about the electric pressure washer, here
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What is the concept of economic resources?.
Answer:
Economic resources are the inputs we use to produce and distribute goods and services. The precise proportion of each factor of production will vary from product to product and from service to service, and the goal is to make the most effective use of the resources that maximizes output at the least possible cost.
economists are particularly adept at understanding that people respond to
incentives. Incentives are at the core of almost all economic theories, rules, and regulations.
What are people said to react to, according to economists?The rationale given by economists is that they think incentives are easily taken advantage of. In this case, incentives drew attention to the item's or product's cost. Economic theory holds that pricing of goods and services provide signals to buyers and sellers, and that people respond to incentives.
Which assumptions about individuals do economists make?The underlying tenet of classical economics is that consumption and investment by individuals and businesses will propel economic expansion. Neo-classical economics believe that when people invest in or make purchases in the economy, they do it in a reasonable manner.
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What is brand in advertising?.
A brand in advertising is how a comp-any differ-entiates itself from its peer bra-nds. A brand can be thou-ght of as the personality of the comp-any, communicated through an iden-tifying mark, logo, name, tag-line, voice, and tone.
What do you mean by Brand?The term brand refers to a busi-ness and market-ing concept that helps people ident-ify a particular comp-any, product, or individual. Brands are in-tangible, which means you can't act-ually touch or see them. As such, they help shape peo-ple's perceptions of comp-anies, their products, or indivi-duals. Brands com-monly use identi-fying markers to help create brand identities with-in the market-place.
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Which of the following best define Economics as a study?
a. How society manages its scarce resources.
b. How to run a business most profitably.
c. How to predict inflation, unemployment, and stock prices.
d. How the government can stop the harm from unchecked self-interest
The following which best defines economics as a study is how society manages its scarce resources. Option a is the correct answer.
Every resource is limited. For instance, even the richest individual or company in the world only has a finite amount of cash. Everyone has a limited amount of time since, whatever your wealth, you cannot add more hours to the day or more months to the year. Everything you can imagine, even the air we breathe, is finite, including food and resources.
Economics focuses on how individuals and organizations allocate resources to maximize their advantages. Demand will always outweigh supply, thus decisions must take benefits and drawbacks into account. At this point, the concept of opportunity costs is essential.
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What does the term multi party systems refer Accenture's multi party systems practice?.
Multiparty systems creates a shared data infrastructure between an individual and an organization that drives efficiency and creates a new business and revenue models. they include blockchain, distributed ledger, distributed database, tokenization and a variety of other technologies and capabilities.
About multi party systemA simple multiparty systemThis is a party system with more than two parties but not too many parties that live and take part in elections. In a simple multi-party system, it is expected that only five parties will participate in the election because with five parties, respect for freedom of expression can work well.
A simple multiparty system assumes that existing parties can represent particular interests, classes and classes in society. In a simple multi-party system, competition runs more dynamically but focuses only on a limited number of parties, so as not to confuse the public.
Extreme Multiparty SystemAn extreme multiparty system is a party system with a large number of parties. The formation of political parties is not limited. The conditions for the participation of political parties in elections are not strict. One of the consequences of implementing an extreme multiparty system is the low level of institutionalization of the party system. As a result, the symptoms of internal party divisions are very strong.
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How is opportunity cost of production calculated?.
Explanation:
Opportunity cost is calculated by applying the following formula: Opportunity Cost = Return on Most Profitable Investment Choice - Return on Investment Chosen to Pursue.
What is the difference between a market economy and a command economy apex?.
The difference between a market economy and the command economy is the absence of a central regulator in the former.
The two polar opposites in how economic activity is organised are market economies and command economies.
In a market economy, activity happens at chance. It is not governed by a centralised body; rather, the supply and demand for goods and services decide it. Japan, England, and the United States are all instances of market economies.
As an alternative, a command economy is one in which all factors of production are controlled by a centralised government that controls most, if not all, firms. Command economies can be seen in the former Soviet Union, North Korea, and East Germany.
In truth, all economies incorporate a mix of command and market economic concepts.
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in what ways can a domestic corporation enter the international market?
Selling on marketplaces online , providing direct sales via e-commerce. selling through a third party that exports to the target market are ways to enter the international market.
How can you get started in international business?Exporting, licensing, partnering, acquiring, and greenfield ventures are the five most common methods of entering international markets. There are distinct benefits and drawbacks to each of these entry methods.
How can a company most easily enter a foreign market?Exporting is the simplest method for entering a foreign market. The business can decide to actively export its surpluses or to commit to expanding exports to a specific market. In either case, the company manufactures all of its products domestically, though it may modify them for export.
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Opportunity cost is not an accounting concept, and so does not appear in the financial records of an entity. It is strictly a financial analysis concept.
Opportunity cost is not an account-ing concept, and so does not app-ear in the financial reco-rds of an entity. It is strictly a financial analysis con-cept.
What is Opportunity Cost?Opportunity cost is the profit lo-st when one alter-native is selected over an-other. The con-cept is useful simply as a reminder to exam-ine all reason-able alternatives before making a dec-ision.
For exam-ple, you have $1,000,000 and choose to invest it in a pro-duct line that will gene-rate a return of 5%. If you could have spent the mon-ey on a different invest-ment that would have gene-rated a return of 7%, then the 2% differ-ence between the two alter-natives is the fore-gone opportunity cost of this deci-sion.
Opportunity cost is not an accounting concept, and so does not appear in the financial records of an entity. It is strictly a financial analysis concept. Explain the statement.
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Opportunity costs are a large factor in individual decision-making. Please sort the statements according to whether or not they have an opportunity cost.
Carries a cost in opportunity the phrase "lazy afternoon", 8-hour shift at work, preparing a meal, Out-of-home dining, reading a book you enjoy meeting up with an old acquaintance, possesses no opportunity cost, nothing.
When economists speak of a resource's "opportunity cost," they are referring to the value of the next-highest alternative use of that resource. For instance, if you spend time and money going to the movies, you are not allowed to use that time and money to watch a movie at home or buy something else. The term "opportunity cost" in economics refers to the advantages lost while selecting one alternative over another. In other words, it's the worth of the path not travelled. Opportunity costs are simple to overlook, yet realizing lost chances is essential for more informed business decisions.
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Which of the following is the best example of a perfectly competitive market?
Option 1 diamonds
Option 2 athletic shoes
Option 3 soft drinks
Option 4 farming
Option 4 farming is the best example of a perfectly competitive market.
Perfect competition is a market in which there are a large number of buyers and sellers dealing in the same sort of commodity, therefore no particular unit can influence the price of the product.
And the seller must quote the market price, which is usually uniform due to the wide participation of the public. As a result, agriculture is the best example of a perfectly competitive market.
Typically, there is minimal difference between products and pricing from one farmer's market to the next. It makes no difference how the product is cultivated, and it makes even less difference how it is packed or branded.
As a result, even if one of the farms supplying commodities for the market goes out of business, the average price will not change.
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