Answered: Do the business has a moral…

Business

Economics

Do the business has a moral responsibility to create jobs for the? Or is that only the government's responsibility?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section12.5: Nonmonetary And Demographic Consequences Of Unemployment

Problem 1YTE

See similar textbooks

Related questions

Q: Rising health care costs O stretch government budgets, especially as the proportion of the populatio...

A: Disclaimer “Since you have asked multiple questions, we will solve the first question for you. If yo...

Q: A monopolist serves a market with five potential buyers, each of whom would buy at most one piece of...

A: A monopolist market is a market condition where only one company may offer products and service to p...

Q: d. Calculate the missing information in the table 17.1. Price of Nutmeg Price of Drapes ($ per Nutme...

A: The formula for GDP Deflator is: GDP Deflator = (Nominal GDP / Real GDP) * 100

Q: • Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic co...

A: a. Aggregate demand is the sum of consumption and investment, so it is true. b. c0 is autonomous con...

Q: In the IS/LM model, the exogenous variables include government spending, income and interest r...

A: Exogenous variables are those variables whose values are given to find the value of endogenous varia...

Q: Suppose that single-price, single-product and single- plant monopolist faces the following demand P-...

A: Given Demand curve faced by monopolist: Q=P-7120 ... (1) Monopolist cost function: ...

Q: Microeconomic Question QUESTION ONE Using appropriate diagram, illustrate the short run and long r...

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...

Q: Your older sister is planning on saving money by paying her bills, spending money on fun, and then s...

A: The economics as a study is based upon the basic idea of scarcity, where the resources which are pre...

Q: Which of the following is not an assumption of the IS/LM model? Short-run model ...

A: IS-LM is a model of Keynesian macroeconomic that shows how the market for monetary merchandise (IS) ...

Q: When the interest rate rises, bond values

A: GIVEN the interest rate raise,bond values is

Q: Consider a simple exchange economy with two people: Bob and Jake. Bob and Jake both have ten hours o...

A: PPF, Production possibilities frontier shows different combinations of two goods that can be produce...

Q: 11. If two goods are complements, this means that a rise in the price of one commodity will induce A...

A: Correct option is C.

Q: Your friend made an investment of P 45,000.00 for 60 days at 15% simple interest. If withholding tax...

A: In the above question, it is given that : Initial Amount = P 45,000 Time period = 60 days Interest ...

Q: The fluctuations in the income level that result from changes in investment spending depend onl...

A: MPC is the marginal propensity to consume which is the ratio of percentage of change consumption spe...

Q: Suppose that there is an increase in Consumption, holding both G and Y* equal. If this is the case, ...

A: In an economy, national savings includes private savings and public savings. Private savings is the ...

Q: Capital (K) Labor (L) Output (q) 8 0 0 8 1 6 8 2 13.5 8 3 23.5 8 4 31 8 5 37 8 6 42 8 7 46 8 8 49 8 ...

A: Given information

Q: 3. Suppose the individual has a utility function In(c) where c is consumption and In(-) is the natur...

A: Lottery A: Prize = 1.25 units with probability 0.5 Prize = 0.75 units with probability 0.5 Lottery ...

Q: The money demand function shows that as the nominal interest rate increases, the opportunity cost of...

A: We know that the opportunity cost of holding money is the nominal interest. The opportunity cost of ...

Q: Question 25 Which of the following is not one of the classical policies? O Laissez- faire O small go...

A: When talking about classical approach, it can be said that the classical way of dealing economic ins...

Q: In U-Shaped Average Total Cost Curve above Section 11.4 exhibit 2, why does AFC continue to fall eve...

A: Average fixed cost (AFC) refers to the total fixed cost (TFC) per unit of output AFC = TFC/Q Where Q...

Q: 11. If two goods are complements, this means that a rise in the price of one commodity will induce

A: To find : What will rise in price of commodity will include.

Q: The buyer of a set of computer was offered the options of paying P 35,000.00 cash or P 40,000.00 at ...

A: Simple interest method of interest is the method by which interest is charged on the principal amoun...

Q: Fixed costs tend to remain the same in: O The short run. The long run. O Both the short run and long...

A: A firm incurs two types of cost of production, one is variable cost and other is fixed cost.

Q: Consider any market that has a demand curve given by: Qd = 240 - 2P. Where Qd is the total quantity ...

A: As per the policy we only answer up to 3 subparts at a time. Subparts a-c will be answered here. Ple...

Q: Suppose that some country had an adult population of about 46 million, a labor-force participation r...

A: Disclaimer- “Since you have asked two question, we will solve the first question for you as per guid...

Q: Illustrate and briefly explain the relationship between Marginal Cost and Average Cost Curves.

A: To find : Relation between marginal and average cost curve.

Q: Suppose that some country had an adult population of about 46 million, a labor-force participation r...

A: Note:- “Since you have asked multiple question, we will solve the first question for you. If you wan...

Q: 4. Consider the general multiplicatively separable utility function given by u (x1,x2) = pu1 (x1) u2...

A: Given Utility function U=μX1X2Budget consraint=P1X1+P2X2=WW= income of the consumerP1= price of good...

Q: Question 2 Please aim to write approximately 400 words for text and graph analysis. Assume TX Bakery...

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...

Q: Consider any market that has a demand curve given by: Qd = 240 - 2P. Where Qd is the total quantity ...

A: Cournot duopoly: each firm is trying to maximize its revenue with respect to quntity. We will use be...

Q: If the quantity of money supplied is greater than the quantity of money demanded, then the a. price ...

A: "Correct option d- nominal interest rate falls."

Q: he equations below represent the demand and supply curves for annual gym memberships in a certain ci...

A: Given Demand equation: qD=500-2p ... (1) Supply equation: qs=0.5p-50 .....(2)

Q: Find the value of Z. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000 $4,000 $1,000...

A: Total cost is the sum of variable cost and fixed cost. Variable cost depends on quantity whereas fix...

Q: 10. Which of these statements is FALSE? A. A tax will decrease the quantity exchanged. B. A subsidy ...

A: In a market, government intervention affects the market efficiency and the market price to buyers an...

Q: 455 565 ccc 420 510 465 540 545 350 530 505 455 655 520 360 405 545 350 450 435 265 385 540 560 495 ...

A: Sample is a small set of data obtained from the population data. Sample mean is found by dividing su...

Q: 1. A) When it comes to the level of utility that can be attained along an individual demand curve, w...

A: 1 A) The answer is - a-the level of utility increases as the price of the product falls

Q: Reserve increase required by the FED: A)decrease monetary supply B)increase monetary supply

A: The Fed can either increase or decrease the money supply within an economy, there are many tools tha...

Q: 1. Suppose the supply function for product X is given by QxS = - 50 + 0.5Px - 5Pz. How much of produ...

A: Cross price elasticity: When the cross-price elasticity value is greater than 1 then it is known as ...

Q: Problem 1: Estimate the benefits from increasing the protection for 50,000 powerplant workers. Avera...

A: A probability appropriation is a factual capacity that depicts every one of the potential qualities ...

Q: An example of a perfectly competitive industry is: A. cell phone service B. the automobile industry...

A: In a perfectly competitive market, there are many buyers and sellers. Firms do not have any control ...

Q: Millie is looking at the sales forecast for the sales of classic waffles. She has given you some cos...

A: First of all, we should know the basic terms which are given in the question-: fixed cost= This amo...

Q: Marilyn opens an insurance brokerage. Which of the following is an example of her implicit cost? Ren...

A: Opportunity cost: - opportunity cost is a forgone benefit that we could have earned by applying all ...

Q: What does poor infrastructure mean in economics? Explain thoroughly and provide examples

A: Infrastructure is a critical component of economic development. It increases productivity and improv...

Q: The MC curve cuts the AVC and ATC curves at

A: To find : Marginal curve where cuts average curve

Q: Question 4 The COVID-19 pandemic has created a surge of patients going to hospitals, at times threat...

A: During the COVID 19, with the healthcare implications and with the rising demand of the hospital bed...

Q: The unemployment rate in a town in which 85,300 persons are employed and 13,000 are unemployed equal...

A: The unemployment refers to the economic condition where the a worker wants to work but still he does...

Q: The gravity model allows to directly compare the effect on borders on trade to the effect of distanc...

A: True The given statement is true. The gravity model of international trade is a model that forecast...

Q: If a paper mill shuts down its operations for three months so that it produces nothing, its will be ...

A: Variable cost Variable expenses are volume-related and alter as production levels change. Raw materi...

Q: In perfect competition, a firm can maximize profit by producing at a quantity where price Is lower t...

A: In a perfectly competitive market, there are many buyers and sellers. The good produced is homogenou...

Q: QUESTION 5 5. You are given the following information about an economy: $millions GDP at Market Pric...

A: Please find the answer below.

Question

Do the business has a moral responsibility to create jobs for the? Or is that only the government's responsibility?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Explain in general what mean World Unemployment and Labor Markets ?
How does migration affect the economy?
“Sending service jobs to low-cost nations, such as India, is good for America.” What are the arguments in support of such an assertion?
What are the factors that encourage people to migrate from one place to another place?
Would increasing the minimum wage force business's to lay off workers and result in higher unemployment or would it encourage economic growth and increased commerce?
What is labor and migration?
When does underdevelopment takes place in a country's economy? What is their worst scenario/or the worst it can do to a country?
Who are Baby Boomers?
The law of increasing opportunity cost arises because of the lack of labour mobility?
Still, don’t Americans experience more upward mobilitythan people in other rich countries?
Cririca/ Thinking Many developed countries, includingthe U.S., have in recent decades become primarily service economies; that is, there is relatively little manufacturing of goods, and most people in the economy are employed by service industries. Why do you thinkthis has occurred? In what ways is this trend a goodand/or a bad thing for a country? Do you think thistrend will continue?