3. There are concerns about an increase in unemployment due to the slowdown in manufacturing. a) What effect would an increase in the unemployment rate have on the equilibrium wage? (3 marks)

Answers

Answer 1

Answer: Equilibrium wage means that it is the wage paid on employees where supply and demand are equal.

All persons looking for work at the going wage will be able to find jobs in an equilibrium setting.

an increase in the unemployment rate will result to a decrease on the equilibrium wage.

Answer 2

Answer: The equilibrium wage is a wage that is a result of a equilibrium of demand and supply, meaning that a lower or higher wage would change the demand or the supply.

If there is an increase in unemployment, then it means that the supply of workers has increased, while the demand for them is steady; this would drive the equilibrium prize down

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Higher inflation a. causes firms to change prices more frequently and makes relative prices less variable. b. causes firms to change prices more frequently and makes relative prices more variable. c. causes firms to change prices less frequently and makes relative prices less variable. d. causes firms to change prices less frequently and makes relative prices more variable.
Which of the following types of advertising is the most difficult for consumers to ignore?a. Sales promotions b. Press releases c. Product placement d. TV commercials

Three challenges that bricks construction may encounter when trying to implement their corporate social investment plan in the local community

Answers

There are many probable challenges the bricks construction may encounter if they implement their corporate social investment plan in a local community.

Some of these are:
- There might be not enough funds to implement the plan
- Employees may lack the skills in the certain project
- The challenge to sustain during the economic downturns

interview any business owner on how he/she ensures that the elements of TQM positively impact on the business

Answers

I interviewed a restaurant owner and here's how the element of TQM positively impact his business :
- Ethics & Integrity & Trust, he gain consumers trust through his ethic and integrity
- Training , he got more skillful workers
- Teamwork, teamwork created efficiency in his workforce
- Leadership, he gain respect from his employees
- Recognition , His restaurant is really well known in the area
- Communication, he could easily solve a conflict that arise in his workplace

On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount received was credited to Deferred Revenue. What would be the required adjusting entry at December 31, 2021?

Answers

Answer:

Explanation:

The adjusting entry is shown below:

Deferred Subscription Revenue A/c Dr $12,000

To Subscription revenue A/c $12,000

(Being the deferred subscription amount is adjusted)

The computation is shown below:

= Number of subscriptions sold × sale price each × (number of months ÷ total number of months in a year)

= 400 subscriptions × $90 × (4 months ÷ 12 months)

= $36,000 × (4 months ÷ 12 months)

= $12,000

The four months are reported from the September 1 to December 31

In which ancient civilization was healthy living and exercise very important?ancient Rome
ancient Greece
Mesopotamia
ancient Egypt

Answers

Healthy living and exercise were very important in the ancient civilization known as ancient Greece.
The other countries were hedonists, they enjoyed life and food very much.

The civilization of the Greeks valued exercise and healthy living. So much so that they are the ones that initiated the Olympics.

Countries gain from specializing in producing goods in which they have a(n) __________ advantage and trading for goods in which other countries have a(n) __________ advantage.

Answers

Countries gain from specializing in producing goods in which they have a(n) comparative advantage and trading for goods in which other countries have a(n) comparative advantage.

A country has comparative advantage in the production of a good if it produces at a lower opportunity cost when compared with other countries. A country should specialise in the production of the good for which it has a comparative advantage.

For example, if Country A has an opportunity cost of 2 in the production of jeans and Country B has an opportunity cost of 10 in the production of Jean, Country A has a comparative advantage in the production of Jeans and should specialise in its production.

A similar question was answered here: brainly.com/question/13221821

Answer:

Countries gain from specializing in producing goods in which they have a comparative advantage and trading for goods in which other countries have a comparative advantage.

Explanation:

In international trade, countries are involved in the export and import of goods and services. Export can be defined as the activity of transporting goods and services from one's own country to a foreign country for sale, while import is defined as the activity of bringing goods into one's own country from a foreign country for purchase. There are many strategies that can be used to determine which goods and services to export and which ones to import. One strategy that is often used is comparative advantage.

Comparative advantage can be defined as a state where a country can produce specific goods and services at a lower opportunity cost as compared to other trading partners. From the definition, we can deduce that the cost of opportunity is what drives whether a country will produce a good or service for export or whether they will import it from another country. if a country has a comparative advantage over the production of specific goods and services, they are most likely to export that good or service, however, if the trading partner has comparative advantage, chances are that they will import that good or service.

Name and explain the relationship between corporate social responsibility and triple bottom line.

Answers

The corporate social responsibility is the task of every individual in the corporation to balance between economy and the ecosystems. It is related to the triple bottom line because it includes social, environmental and financial responsibility.

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