Assuming the number of people employed falls by 2%. The elasticity of employment with respect to the minimum wage is -0.33.
Elasticity of employmentUsing this formula
Elasticity of employment=-Fall in number of employed people rate /Minimum wages rate
Where:
Fall in number of employed people=-2%
Minimum wages rate=6%
Let plug in the formula
Elasticity of employment=(-2/6)
Elasticity of employment=-0.33
Inconclusion the elasticity of employment with respect to the minimum wage is -0.33.
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Which is a formatting characteristic of a full-block business letter?.
Answer:
In a full block business letter, every component of the letter heading, address, salutation, body, salutation, signature, identification, enclosures is aligned to the left. Also first sentences of paragraphs are not indented.
Explanation:
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George is the ink buyer for Indigo Printing Company, a major plastic shopping bag manufacturer. One of his vendors regularly takes George to lunch and golf outings, and treats him to expensive vacations. George might have difficulty in which area of ethical concern
The area of ethical concern which George might have difficulty is fairness and honesty because his vendors regularly takes him to lunch and golf outings.
The Corporate Code of Ethics.Based on the Corporate Code of Ethics, there are six(6) universal ethical standards and these include the following;
RespectCitizenshipResponsibilityCaringTrustworthiness.Fairness and honesty.In this context, the area of ethical concern which George might have difficulty is fairness and honesty because his vendors regularly takes him to lunch and golf outinggs, and treats him to expensive vacations.
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When an advertising campaign for a new product is first launched, which type of advertising would be most helpful in building awareness?.
Answer:
Informative.
Explanation:
What are the sales dollars required to attain a target profit of $120,000?.
The sales dollars required to attain a target profit of $120,000 is $400,000.
What are profits?The profits are the financial gains earned by a business or organization after all expenses and costs are deducted from the revenue generated from its operations.
The profits are what is left over when a business subtracts all of its costs, including the cost of goods sold, operating expenses, taxes, and other expenses, from its total revenue.
A business that earns high profits is generally seen as successful, while a business that consistently incurs losses is considered to be struggling. It is a key measure of a company's financial performance and are an important indicator of its ability to generate income.
For attaining a target profit of $120,000, the sales dollars required is $400,000.
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Explain one reason why gentrification occurs in the united states and canada.
The main reason why gentrification occurs in the USA is because of the wealth gap between the poor and the rich.
What is Gentrification?This refers to the process where a particular neighborhood is changed through the sudden influx of more wealthy residents..
Hence, it can be inferred that gentrification is popular in the United States of America based on the fact that the main reason why gentrification occurs in the USA is because of the wealth gap between the poor and the rich.
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Consider the following price indexes: 95 in 2011, 100 in 2012, 129 in 2913, 131 in 2014, and 160 in 2015. If the cost of the market basket in 2012 is $3,500, what is the cost of the same basket of goods and services in 2015?
If the cost of a market basket of goods and services is $3,500 in 2012, the cost of the same market basket in 2015 is $5,600.
What is the market basket?According to common definitions, a market basket is a selected mix of goods and services.
The market basket is commonly used to track the price performance of a specific market or segment, especially with regard to inflation.
An example of a market basket is the Consumer Price Index (CPI). The CPI is an estimate of the average change of price paid for a specific basket of goods and services over time.
Data and Calculations:Date Price Index
2011 95
2012 100
2013 129
2014 131
2015 160
Cost of market basket in 2012 = $3,500
Cost of market basket of goods and services in 2015 = $5,600 ($3,500/100 x 160)
Thus, if the cost of a market basket of goods and services is $3,500 in 2012, the cost of the same market basket in 2015 is $5,600.
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Why are entrepreneurs essential to the success of a free enterprise economy?
Answer:
they help the market respond to changing prices and consumer preferences.
Explanation:
Entrepreneurs are themselves an important ‘factor of production’ and an essential aspect of a functioning free market economy. Importance of entrepreneurs Free market evolution. Entrepreneurs are important in a free market because they help the market respond to changing prices and consumer preferences.
A company’s _____ specifies the media vehicles to be used and the schedule for running advertisements.
The factor that specifies the media vehicles and methods to be used by a company to run advertisements is it's media plan.
What is a media plan?This refers to a structured plan that a company comes up with and implements in order to meet their marketing goals.
It involves things like the schedules of adverts to be run, the media vehicles to be engaged, and the type of content that would be most effective.
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What do you think Anielski means by the phrase
"a depletion of the social capital upon which an
economy depends"? Do you agree with him?
Answer: yes I agree the him
Explanation:
Which of the following best describes the purpose of making an investment?
O A. To have control over economic activity
B. To increase profits by paying higher wages
O c. To use money to make more money
O D. To keep the money supply growing
Answer:
C. to use money to make more money
Explanation:
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What hygiene or personal care considerations are particularly important in the occupation forwhich you are training or that you hope to follow?
The hygiene or personal care considerations that are important in the occupation include washing of hands, cleaning one's body, etc.
What is personal hygiene?It should be noted that personal hygiene simply means the cleaning of body, washing hands, etc to keep one clean and prevent diseases.
In this case, the hygiene or personal care considerations that are important in the occupation include washing of hands, cleaning one's body, etc.
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Joelle purchased 100 shares of PAC stock for $20 per share and sold this same stock one year later for $25 per share. She paid commissions of $60 when she purchased the stock and $70 when she sold the stock. Dividends of $2 per share were paid during the year. The total rate of return on this investment was
The total rate of return on this investment made by Joelle, who purchased 100 shares of PAC stock for $20, is 26.8%.
What is the rate of return?The rate of return refers to the percentage of net profit or loss from an investment.
The rate of return can be computed as the total returns divided by the total cost, multiplied by 100.
Data and Calculations:Cost price of stock = $20 per share
Total cost = $2,000 ($20 x 100)
Sales price per share = $25
Total sales value = $2,500 ($25 x 100)
Commission paid = $130 ($60 + $70)
Dividends received = $200 ($2 x 100)
Total proceeds from the investment = $2,700 ($2,500 + $200)
Total cost of investment = $2,130 ($2,000 + $130)
Total returns in dollars = $570 ($2,700 - $2,130)
Total rate of returns = 26.8% ($570/$2,130 x 100)
Thus, the total rate of return on this investment by Joelle from PAC shares is 26.8%.
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The difference between stocks and bonds in terms of the future payments that they are expected to make is multiple choice 1 stocks pay fixed dividends, wheras bonds pay a variable amount of interest at regular intervals. Bonds pay dividends out of profits, whereas stocks pay a predetermined amount of interest at regular intervals. Bonds pay fixed dividends out of revenues, whereas stocks pay a variable amount of interest at regular intervals. Stocks pay dividends out of profits, whereas bonds pay a predetermined amount of interest at regular intervals
The difference is that stocks pay dividends out of profits while bonds pay a predetermined amount of interest at regular intervals.
What is a stock and bonds?Stock means the shares owned in a business and bonds means an isused debt that promises to repay at some point in the future.
Hence, the difference is that stocks pay dividends out of profits while bonds pay a predetermined amount of interest at regular intervals.
Thereforem the Option B is correct
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Sometimes a pay rate is raised or lowered to compensate for specific working conditions (such as working the night shift) or labor markets (such as living in a high-rent location). These adjustments are called
The adjustment of raising a pay rate or lowering it to compensate for specific working conditions are called pay differentials.
What is a pay rate?The pay rate represents the average amount that laborers are paid per period.
The pay period may be an hour, a day, a week, etc.
The pay rate is multiplied by the pay period worked by a laborer to compute the total earnings.
Thus, the adjustment of raising a pay rate or lowering it to compensate for specific working conditions are called pay differentials.
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Bob, a bartender who saw duty in Vietnam, refuses to serve Asians in his bar because he believes that Asians have no business living in the U.S.A. Bob's actions describe
If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is close to
Answer:
2%
Explanation:
Why do consumer advocates advise against using alternative financial services?.
Consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
What is a financial service?It should be noted that a financial service simply means a wide range of activities such as banking, insurance and investing.
In this case, consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
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What must owners of agricultural land do each year in order for it to qualify for protection under the Green Belt Law
In order for the land to qualify for the green belt law, it has to be used primarily for the sake of agriculture or good faith commercial agricultural purposes.
What is the Green Belt law?This is an exemption that is given to land owners in the state of Florida if the land is used for the bona fide purpose of agriculture.
The law has it that the land owner applies for classification if they want the law applicable to them.
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How does information technology impact the economic sector?
Answer:
~ᴛᴇᴄʜɴᴏʟᴏɢɪᴄᴀʟ ᴘʀᴏɢʀᴇꜱꜱ ᴀʟʟᴏᴡꜱ ꜰᴏʀ ᴛʜᴇ ᴍᴏʀᴇ ᴇꜰꜰɪᴄɪᴇɴᴛ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏꜰ ᴍᴏʀᴇ ᴀɴᴅ ʙᴇᴛᴛᴇʀ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ, ᴡʜɪᴄʜ ɪꜱ ᴡʜᴀᴛ ᴘʀᴏꜱᴘᴇʀɪᴛʏ ᴅᴇᴘᴇɴᴅꜱ ᴏɴ.
Explanation:
ᴍᴀɢᴀɴᴅᴀɴɢ ᴛᴀɴɢʜᴀʟɪ ꜱᴀ ᴀᴛɪɴɢ ʟᴀʜᴀᴛ!!!
Please heart my Answer←_←Tysm
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True or False: In the short run, changes in exchange rates are caused by relative productivity levels and preferences for domestic goods or foreign goods. True False
True: Over short periods of time, decisions to hold domestic or foreign financial assets play a much greater role in exchange rate determination than the demand for imports and exports does.
Further explanationAccording to the asset market approach to exchange rate determination, investors consider two key factors when deciding between domestic and foreign investments: relative interest rates and expected changes in exchange rates. Changes in these factors, in turn, account for fluctuations in exchange rates that one observe in the short run.
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The Revised Act permits a corporation to purchase, redeem, or otherwise acquire its own shares unless:
Answer:
The corporation's total assets after the distribution would be less than the sum of its total liabilities and the maximum amount that then would be payable for all outstanding shares having preferential rights in liquidation. The corporation would be unable to pay its debts as they become due in the usual course of its business.
Explanation:
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A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is:
As a result of the interest rate being 8% and the coupon being 7%, these bonds will sell at a price less than $500,000.
Why would the bonds sell less than $500,000?When a bond's coupon rate is less than the market rate of interest, it is referred to as a discount bond.
This means that the bond will be sold at a price that is less than its face value amount. In this case the market rate is higher than the coupon rate so the bond will sell for less than $500,000.
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Straight-line, declining-balance, and activity-based refer to methods commonly used to.
Answer:
depreciate
Explanation:
Straight-line, declining-balance, and activity-based refer to methods commonly used to _depreciate_ property, plant, and equipment.
Answer:
depreciate
Explanation:
Straight-line, declining-balance, and activity-based refer to methods commonly used to .... depreciate... property, plant, and equipment.
Which general staff member prepares incident action.
Answer:
Operations Section Chief
Explanation:
is responsible for managing all tactical operations at an incident. The Incident Action Plan (IAP) provides the necessary guidance.
If government land is leased or sold for oil and coal exploration at lower-than-market rates, it is an example of a(n) Group of answer choices earmark. subsidy. tax expenditure. earned income tax credit.
If government land is leased or sold for oil and coal exploration at lower-than-market rates, it is an example of subsidy.
What is subsidy?A subsidy serves as the direct or indirect payment to individuals or firms from the government.
Therefore, government used subsidy to to achieve greater economic efficiency.
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Years ago, American Express created the Gold Card for affluent customers. In response to recent declines, AmEx has decided to enhance the benefits of having a Gold Card by increasing the rewards and offering personalized services. This is an example of:
Based on the given scenario with Amex enhancing the benefits of having a Gold Card, this is an example of invention.
What is Invention?This refers to the creation of new things with the aim of making a process easier that has not been done before.
Hence, we can see that based on the changes made by American Express in their Gold Card for their affluent customers and the increased benefits, this is an example of an invention.
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3. What is meeting the deductible?
Answer:
The fiscal test group meets the deductible by incurring medical costs that equal the dollar amount of the deductible. The countable costs are added together. When they are equal to or greater than the amount of the deductible, the group can be certified for Medicaid.
Explanation:
A deductible is a set amount that a patient must pay each year before their health insurance coverage kicks in. Beneficiaries typically pay co-insurance—a percentage of costs—for any services covered by the plan after meeting the deductible.
An individual who would like to become an entrepreneurial database administrator would most likely start a business by _________________.
Question 1 options:
freelance writing for different companies
creating a startup computer repair business
offering database development and design services
begin painting abstract art
An entrepreneurial database administrator would most likely start a business by offering database development and design services.
Who is an entrepreneur?An entrepreneur is a person that take a risk of setting up a business or businesses and taking on financial risks so as to make profit.
Therefore, as entrepreneurial database administrator, one would need to broaden his knowledge on database development.
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General motors uses the phrase "precision matters" in an advertisement alongside a photo of a hummingbird to create the analogy that the precision with which this bird pollinates a flower is parallel to the commitment that gm workers have to producing high-quality, well-engineered, and well-manufactured cars and trucks. This is an example of what?.
The given scenario is an example of personalized marketing
What is Advertising?This refers to the creation of awareness about a given product or service to create demand and make a profit.
Hence, we can see that based on the strategy used by General Motors to create an image of a hummingbird to show the use of precision to deliver high-quality cars is known as personalized marketing.
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