BUSINESS HIGH SCHOOL

Structural unemployment is caused bya. temporary layoffs in industries such as construction.
b. shifts in the economy that make certain job skills obsolete.
c. short-term changes in the economy.
d. the impact of the business cycle on job opportunities.

Answers

Answer 1
Answer:

Answer:

B) shifts in the economy that make certain job skills obsolete.

Explanation:

There are three types of unemployment:

  1. Structural Unemployment (involuntary): the skills of the worker do not match the skills required by employers.
  2. Cyclical Unemployment (involuntary): slow economic growth or economic contraction cause that employers require less workers.  
  3. Frictional Unemployment (voluntary): someone quits his/her job voluntarily because they are searching for a better job, or new workers enter the labor force.

Related Questions

Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs were $200,000 (assume that this amount represents the total opportunity cost of these resources). During the course of the year she received offers to work for other design firms. One offer would have paid her $120,000 per year and the other would have paid her $130,000 per year. Lashondra’s economic profit is equal to:____________.a. $50,000b. $70,000c. $200,000d. $0.
An intelligence system that helps managers assess their competition and vendors in order to become more efficient and effective competitors is called:_______a) an auditb) industrial espionagec) competitive researchd) differential competitive advantagee) competitive intelligence
Which of the following climate zones would be best suited for a year-round agricultural cycle?
Which type of unemployment rises during economic downturns and falls when the economy improves?a. Seasonal b. Cyclical c. Structural d. Frictional
Which statement shows that white shirts follow a classic fashion life cycle?a. White shirts were fashionable only for a short period.b. White shirts are solely found in sportswear.c. White shirts are still popular and considered a standard piece of clothing.d. White shirts are obsolete, because they are no longer popular with consumers.

Which term is used to describe what those in one country buy from those in other countries?a. exportsb. importsc. tradesurplus

Answers

Answer:

Which term is used to describe what those in one country buy from those in other countries?

Import

Explanation:

Imports are good and services bought from other countries.

Trading started as far back as when money has not been invented which makes them to use what is termed as trade by batter.

Goods are either imported or exported depending on its destination, goods and services bought from another country into ones country is termed as import goods while goods sold out into another country is termed as an export goods

Answer:

imports

Explanation:

Catherine purchases a pair of gloves from a department store. Catherine only has them for two months when they begin to come apart at the seams. Catherine could have avoided this situation if she had had more knowledge of _____.Select the best answer from the choices provided.

the store's reputation

the quality of the item

consumer protection laws

the terms of the transaction

Answers

The right answer for the question that is being asked and shown above is that: "the terms of the transaction." Catherine purchases a pair of gloves from a department store. Catherine only has them for two months when they begin to come apart at the seams. Catherine could have avoided this situation if she had had more knowledge of the terms of the transaction

Which of the following statements regarding the circular flow model is not accurate?a. Firms supply households with goods and services.
c. Firms pay households for land, labor, and capital.
b. Households pay firms for goods and services.
d. Households supply firms with goods and services.

Answers

Answer:

d. Households supply firms with goods and services.

Explanation:

The circular flow model of income explains how money circulates among economic agents. Firms pay families wages and rent for land and capital. Families buy the goods and services produced from firms. Thus money circulates between business and citizens. What makes no sense is that families provide firms with goods and services. This is the opposite.
The right answer for the question that is being asked and shown above is that: "d. Households supply firms with goods and services." Among the following statements regarding the circular flow model that is not accurate is that households supply firms with goods and services.

How did utilitarians seek to modify laissez-faire ideas?

Answers

There are several ways in which utilitarians sought to modify laissez-faire ideas, bit here are the most important ones:
1. Wanted the government to step in to improve the hard lives of the working class
2. so that people could have more children

Please Help!!Use the credit card information below and the designated method of computing interest to fill in the blanks. (See image)

Adjusted Balance Method-
Interest $______
New Balance $______

Answers

Average Daily Balance ≈ $475.42 Interest ≈ $4.75 New Balance ≈ $369.75

To calculate the interest and the new balance using the Adjusted Balance Method, you first need to find the average daily balance. The Adjusted Balance Method considers the balance after subtracting any payments made during the billing cycle. Here's how to calculate it:

1. Start with the previous balance: $500

2. Add the purchases made during the billing cycle:

  - May 12: $25

  - May 22: $100

  - May 30: $50

  Total purchases = $25 + $100 + $50 = $175

3. Subtract any payments made during the billing cycle:

  - May 20: $110

4. Calculate the average daily balance. To do this, you need to consider the number of days each balance was carried during the billing cycle. Assuming a 30-day billing cycle, here's how you calculate it:

  - For the first 8 days (May 1 to May 8), the balance is $500.

  - For the next 4 days (May 9 to May 12), the balance is $500 + $25 (May 12 purchase).

  - For the next 10 days (May 13 to May 22), the balance is $500 + $25 (May 12 purchase) + $100 (May 22 purchase).

  - For the last 8 days (May 23 to May 30), the balance is $500 + $25 (May 12 purchase) + $100 (May 22 purchase) + $50 (May 30 purchase) - $110 (May 20 payment).

5. Calculate the average daily balance by summing up the balances for each period and dividing by the total number of days in the billing cycle (30 days in this case).

Now that you have the average daily balance, you can calculate the interest using the monthly interest rate of 1% (12% per year):

Interest = Average Daily Balance * Monthly Interest Rate

New Balance = Previous Balance + Purchases - Payments + Interest

Please calculate the average daily balance and then use the interest formula to find the interest and update the new balance.

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What are the major causes of small-business failure? Do these causes also apply to larger businesses?

Answers

Answer:

Lack of funds and management.

Explanation:

We are asked to determine the the major causes of small-business failure.

We know that lack of funds or money is main cause of small business failure. In the startup phase small companies face challenges in obtaining funds to bring a new product to market.  

The second cause is the lack of management. A strong management team is must for a successful business.

It is possible that these causes will apply to larger businesses, but not always a must. Since large businesses have more money to support them, so these causes are less applied to larger businesses.
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