What happens when wages are set above the equilibrium level by law?
a. firms tend to try to break the law and hire people at the equilibrium level.
b. firms employ more workers than they would at the equilibrium wage.
c. firms employ fewer workers than they would at the equilibrium wage.
d. firms hire more workers but for fewer hours than they would at the equilibrium wage?
Answer:
C: firms employ fewer workers than they would at the equilibrium wage.Explanation:
I just got 100% on this test. GradPointTrue or false: gross domestic product (gdp) cannot be used to measure the economy’s income. true
The answer in the given statement above is false because Gross Domestic Product has the capability of providing measurement when it comes to the economy’s income. It measures the goods that are produced and the services that are given in the course of one year where in it is concluded that it has the capability of measuring the economy’s income.
Magnira corp., a manufacturer of hygiene and personal care products, launches a new toothpaste "tidy" that is more effective in maintaining oral hygiene than other brands. the advertisements of tidy provide highly valid research information. this is an example of _____.
as a market moves from a single seller to a competitive one, a product's price _____.
A:stays the same
B:increases
C:decreases
What does mark musgrove enjoy about being a funeral director?
Leaders should pay attention to the _____ more so than structural positions in leading organizational change.
The market rate is the rate used to calculate the actual cash payments made to bondholders.
Expected benefits, which will result from implementation of the project and define success, establish
What are the benefits of mechanical dissection?
1. Memorable
Dissection is an interesting approach to take when teaching science. For one, it creates a long-lasting impression on the students’ minds. Most people can remember what they did in the lab yesterday easily than some theory they have just gone through. So it is easy to recall an activity that you have engaged in that is why dissecting in equally important as the theory aspect of the lesson.
2. Proper understanding
Another obvious reason why dissection is important is because it is a hands-on activity which provides a chance for students to carry out investigations aside from what they learn in class. They are able to test how truthful their theory is while comparing it to what they see while carrying out the dissection.
Mechanical digestion involves processes such as chewing, mixing, and segmentation. It helps break down food into smaller pieces, exposes more surface area for chemical digestion, and facilitates absorption in the intestines. It also aids in the absorption of lipid-soluble substances.
Explanation:Mechanical digestion is a critical part of our bodily function, providing numerous benefits. Firstly, mechanical digestion, which involves processes such as chewing, mixing, and segmentation, breaks food into smaller pieces, increasing the surface area for chemical digestion to occur effectively. Mechanical digestion begins in the mouth where food is mechanically broken down into smaller pieces through chewing.
It continues in the stomach, where food is mixed with stomach acid to form a semi-liquid substance called chyme. This process helps further break down food particles, preparing them for absorption in the small intestine. The mechanical churning in the stomach also serves to expose more of the food's surface area to digestive juices.
In the small intestine, segmentation occurs. Segmentation is a localized contraction that helps move food back and forth in the intestinal lumen, mixing food with digestive juices and facilitating absorption. Apart from improving the digestion, mechanical digestion benefits also include propulsion and aiding in the absorption of lipid-soluble substances.
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Assume the mpc is 2/3. if government spending decreases by $6 billion, equilibrium gdp will:
the fed buys $5 billion worth of treasury bonds on the open market
Final answer:
Selling $5 billion in treasury bonds by the Fed reduces the money supply, increases interest rates by making less money available for loans, and can signal a tightening of monetary policy.
Explanation:
When the Federal Reserve (commonly referred to as the Fed) sells $5 billion worth of treasury bonds on the open market, it effectively reduces the money supply in the economy. This action is part of what is known as open market operations, a key tool used by the Fed to implement monetary policy. By selling these bonds, the Fed receives cash from the buyers, which decreases the buyers' bank reserves. As bank reserves decline, the ability of banks to create new loans diminishes, leading to a contraction in the money supply.
This action also tends to increase interest rates because as banks have less money to lend, they charge more for loans. Additionally, by increasing the supply of bonds in the market, the price of bonds typically falls and yields rise (since price and yield move inversely). Higher interest rates can slow economic activity by making borrowing more expensive for businesses and consumers. Moreover, if the Fed conducts these sales regularly, it may signal a tightening of monetary policy, which is often associated with concerns about inflation or an overheating economy.
The Fed has used such measures historically during periods of economic distress, as evident in the pandemic recession and the Great Recession. Treasury bonds have been a central tool in the monetary policy toolbox, with the Fed's actions influencing long-term interest rates and impacting the overall economy.
Alicia Keyes Company began the year with owner's equity of $280,000. During the year, the company recorded revenues of $375,000, expenses of $265,000, and had owner drawings of $30,000. What was Alicia Keyes' owner's equity at the end of the year?
The owner's equity of Alicia Keyes' at the end of the year if company began the year with owner's equity of $280,000, revenue in the company is $375,000, expenses of $265,000 and owner drawings is of $30,000 is $3,60,000.
What is equity?Equity is ownership of assets that may have debts or other liabilities attached to them.
What is revenue?Revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.
What is expense?An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs.
What are drawings?Drawing refers to the action of taking funds from an account or company holdings for individual use.
Equity at the beginning [tex]=\$280,000[/tex]
Revenue [tex]=\$375,000[/tex]
Expenses [tex]=\$265,000[/tex]
Drawings [tex]=\$30,000[/tex]
The equity of the owner at the end of the year
[tex]=(\$280,000+\$375,000)-(\$265,000+\$30,000)\\=\$655,000-\$295,000\\=\$360,000[/tex]
Hence, the equity of the owner at the end of the year is [tex]\$360,000[/tex]
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The first item appearing on the statement of retained earnings is what?
Which statements demonstrate the meaning of opportunity cost for producers and consumers? check all that apply. if producers can only produce one item, they must decide which item to produce based on profit. consumers are limited by their resources, and must give up the chance to purchase one item in order to buy another. consumers and producers are not limited by scarcity of resources or time. when deciding to produce or purchase one item, another opportunity must be given up. the only factor influencing opportunity cost is personal opinion?
Answer and Explanation
A producer is someone who produces goods and offers services to customers who are the consumers and he does this by combining labor and capital in terms of cash so that he/she can come out with those goods and services as output. while consumers are those who generate their money either through salaries and pay for goods and services to consume them. They play a big role in any economy.
i) If producers can only produce one item, they must decide which item to produce based on profit- On this matter the producer has to come up with a decision based on the goods which are fast moving and that will generate a good profit.
ii) Consumers are limited by their resources, and must give up the chance to purchase one item in order to buy another-some times consumers might be in need of several goods but the resources they have cannot meet their needs. so by this they end up giving up on one and buy the most important first then the other one later or in future.
iii) When deciding to produce or purchase one item, another opportunity must be given up- In production you have to consider the demand and then see how much you can afford in your production. so where the demand is high you produce those goods first.
There is opportunity cost for all items. The statements that demonstrate the meaning of opportunity cost for producers and consumers are;
If producers can only produce one item, they must decide which item to produce based on profit. Consumers are known to be limited by their resources, and must give up the chance to purchase one item in order to buy another.When deciding to produce or purchase one item, another opportunity must be given up.Why opportunity cost is known as forgone alternative?Due to consumers' resources such as time, attention, etc., are limited, Consumers have to choose the best way to allocate them and they do this by making tradeoffs.
The opportunity cost of a choice is known to be the amount or value of the best alternative that was forgone.
Conclusively, producers often decides which product to produce and consumers decides which purchase to make be it one item at a time. Here, in both scenarios above, opportunity cost must be given up.
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The hospital where jack works has a step-by-step process for treating heart attack victims. this is an example of a(n) psychology
If 1,500 units of output cost $10 each to produce and sells for $11 each, then the firm would earn profits of:
Answer:
$1,500
Explanation:
Total units of output = 1500units
If output cost per unit = $10
Total cost for 1,500units = $10×1,500
Total output cost = $15,000
If the sales pee unit = $11
Total sales of 1500units = $11×1500
Total sales = $16500
Profit earned = Total sales - Total output cost
Profit earned = $16,500-$15,000
Profit earned = $1,500
The firm would earn profit of $1,500
In south carolina, within how many days does the free-look provision allow the insured the right to return an individual insurance policy for full premium?
Free-look provisions, as they are normally known, permit you to inspect an insurance policy after you've purchased it. If you don't like what you perceive, you can return it for a whole refund — as if you not ever purchased the insurance. These policies you can do this with differ by state, as does the total of time you have to pull out. In case of South Carolina, the length of time to return an individual life policy is 10 days and if sent by mail, it would be 30 days.
Neural networks have been used to distinguish between valid and fraudulent credit purchases because they can
As similar case studies, the cheyenne and the comanche are best depicted as examples of:
What is the Internal Revenue Service?
1.
if Emir says he wants an office with Windows and a nice view what needs is he expressing
a.his job outlook
b.his job environment
c.his lifestyle
d.his values
2.
if Lei bikes to and from work every day in order to train for the Olympics what is important to Lei
a.her job outlook
b.her job environment
c.her lifestyle
d.her values
Based on the fact that Emir wants a nice view from an office with windows, this is his b. his job environment.
Lei wants to bike to and from work to train so this is d. her values.
What is our Work environment?This refers to the physical space we engage in work. Includes our workspace and social interactions. Emir is talking about his job environment here as he wants a good workspace.
What are our values?This are things that we hold dear and will endeavor to fulfill. Lei holds the Olympics dearly and so is training to participate.
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Which of the following is the fee structure of Lots a Loot Bank?
Answer:apex answer is: A monthly service fee of $.50 and a per-check fee of $.50
Explanation:
True or false fdr was eager to use deficit spending to end the economic crisis.
Inmates who attain sufficient reading and writing skills for functional literacy may increase the possibility of:
Amy's school records describe her as a monochromat. what can we assume about amy's perceptual abilities
When a firm's managerial resources are insufficient to take advantage of its new product and service opportunities, the subsequent bottleneck is referred to as the ________ problem?
Kristi sells purses. her cost is $35 per purse. on a certain day, she sells 12 purses, and her producer surplus for that day amounts to $180. kristi sold each purse for
What is the "raisin cake model" intended to explain?
As the raisin bread expands the raisins that are furthest from the local raisin became farther from the local raisin at a faster velocity than the raisins closer to the local raisin. This relates to how the universe is expanding and connects to Hubble's theory because Hubble discovered that galaxies are moving away from ours at a speed that is proportional to their distance from us. Basically the farther a galaxy is away the faster it moves away from our galaxies just like the raisins in the animation.
The farthest raisin started off at 3cm away and after an hour was 9cm away. We can relate this to galaxies that are very distant to us for they are moving at a very fast velocity away from our galaxy.
The _____ provides a board of directors to oversee the primary text-based newsgroups. big 6 management board big 12 management board big 10 management board big 8 management board
The Big 8 Management Board is responsible for overseeing the primary text-based newsgroups, mirroring the important oversight role of a corporate board of directors in representing shareholder interests.
The Big 8 Management Board provides a board of directors to oversee the primary text-based newsgroups. In the context of corporate governance, the role of the board of directors is crucial as they ensure that a firm is run in the interests of the true owners, the shareholders. Despite this, top executives often have a significant influence on selecting the board of directors, which can impact the effectiveness of corporate governance.
However, few shareholders have enough knowledge or personal incentive to nominate alternative candidates, which could lead to a lack of true oversight. The board is meant to be a safeguard that the company operates faithfully towards its investors' interests.
If neither party is satisfied with the national labor relations board's decision, the parties can take the case to the _____ for review.
If unsatisfied with a National Labor Relations Board decision, parties can appeal to the federal court. The NLRB handles disputes between industry and labor, and its decisions can be challenged in the judicial system.
If neither party is satisfied with the National Labor Relations Board's decision, the parties can take the case to the federal court for review. The NLRB, established to arbitrate between industry and labor in contract disputes, acts as both prosecutor and judge in its administrative adjudication role.
After an NLRB ruling, parties may appeal to the federal courts, which then review the case. Similar to how the appellate system works in other areas of law, this process provides a hierarchical structure for legal recourse when parties dispute the decisions made by administrative bodies.