In coming years, high tech growth areas such as computers, biotechnology, and green technologies are likely to experience a Question 11 options: surplus of labour. significant decline in market demand, leading to a stagnant labour market shortage of skilled labour. equilibrium in the labour market

In coming years, high tech growth areas such as computers, biotechnology, and green technologies are likely to experience a Question 11 options: surplus of labour. significant decline in market demand, leading to a stagnant labour market shortage of skilled labour. equilibrium in the labour market

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: What are the suggestions for government size to better economic growth?

A: Economic growth is not an easy task to acheive because it needs to plan all the events in the…

Q: Economic conditions of the country:

A: It's tough to say whether cutting costs or growing income is more vital for all businesses. There…

Q: Which public-sector remedies can you use for negative externalities? Which one of them do you think…

A: A negative externality exists when the expense to society of a monetary specialist's activity is…

Q: What is the largest disadvantage of COBRA? How was this addressed in the American Recovery and…

A: COBRA is an abbreviation for the Consolidated Omnibus Budget Reconciliation Act. It is a federal law…

Q: 1950-53 period the average GDP growth attained roughly 10% while in 1974-1979 period it remained at…

A: The relationship between economic growth and growth of population. The output has been studied…

Q: Regarding the categories of unemployment, how does a minimum-wage law compare to firms paying…

A: Temporary unemployment brought on by job searching or job switching is known as frictional…

Q: Briefly write about the eventual goals of Islamic Economic System. What are the tools to achieve…

A: The Islamic economic system:Islamic economic system basically contrasts from capitalist and…

Q: what is the opportunity or threats of Jollibee Corp in terms of GDP in the PH

A: A worldwide network of fast-food eateries is run by the Filipino transnational business Jollibee…

Q: Which transaction would be directly counted in GDP? A. Maria's Pizza shop buys 5000 pizza boxes…

A: Approach to solving the question: The transaction that would be directly counted in GDP is:B. Your…

Q: 2. Identity and explain the formula for the GDP? How has the GDP been impacted by the baby boom…

A: Gross Domestic Product (GDP) is a measure of the total economic output of a country over a specific…

Q: Do you know anyone whose job has been transferred to a foreign country? If so, was the person able…

A: Unemployment is a global issue that requires collaborative efforts to resolve. It is a problem that…

Q: Illustrates how inefficiencies can lead to deforestation, and identify the sources.

A: Simply put, deforestation refers to the cutting down and removal of forest cover or tree plantations…

Q: Why are some countries able to catch up to a high economic growth level, while others tend to fall…

A: As we see around, there are many countries which are developed, many are Many countries are…

Q: when our nation enjoys economic growth, what usually happens to domestic economic problems? a.…

A: THE ANSWER IS AS BELOW:

Q: What is the difference between Global Capital Markets and the Foreign Exchange Markets?

A: The market is described as a place for exchanging ownership of items that could be physical or…

Q: How can new technologies,like bitcoin,change societies and economies

A: The Impact of Bitcoin on The Global Economy is a emerging trend, Bitcoin has firmly made it to the…

Q: What is the economic ideology of India and China?

A: India and China are both the hubs of civilization. The countries share the history of being rich in…

Q: Is it proper to use commodity money whenever your community or place is far from civilization?

A: The commodity money is used in the barter system in which things or items are exchanged for each…

Q: Which of the following economic activities is not be counted as part of GDP? Group of answer choices…

A: The question asks which of the following economic activities would not be counted as part of GDP.

Q: The Internet-based economy is going to end up just like the old economy with the huge conglomerates…

A: Internet-based economy refers to a scenario whereby business activities are conducted with the help…

Q: In today's economic climate, many Americans are suffering. Arguing for the government reallocating…

A: The nation's targets and actions are mapped out in government policy. It serves as the structure for…

Q: The Czech Republic has a GDP of 1.8 billion koruny. The exchange rate is 20 koruny/U.S. dollar.…

A: In order to calculate the GDP per capita of the Czech Republic expressed in U.S. dollars, we need to…

Q: What is meant by the globalization of human capital? Is this inevitable as firms increase their…

A: Human resource is a load of propensities, information, social and character credits exemplified to…

Q: What are the sources of funds available for Small and Medium Enterprises (SME’s) in Ghana? Which one…

A: The study was attempted to analyze the alternative sources of money for Small and Medium Scale…

Q: Please compare and contrast the implementation of central planning in the Soviet and Chinese…

A: Central planning is referred to as the government responsible for the decisions that may affect…

Q: The Philips curve claims that with economic growth comes inflation, but only in the short run, which…

A: Phillips Curve: Phillips curve is defined as there is inverse relationship between…

Q: Why is it important for state-owned companies to operate efficiently?

A: State-Owned Enterprise These are also known as public companies. State-owned companies refer to all…

Q: Discuss a recent natural disaster that have occurred in the news (within the Caribbean if possible).…

A: The Caribbean (LAC) is the second most disaster-prone region in the world 152 million affected by…

Q: What would be the impact of a decrease in money supply?

A: The money supply is the entire amount of money in circulation, including cash, coins, and bank…

Q: A final factor in the external environment that has become more evident in the past decade is the…

A: Shortage of raw materials has resulted in a wealth transfer from developed to emerging nations. In…

Q: Explain the guidelines that improve the odds for success during an economic downturn.

A: The economic downturn can be improved by following guidelines: The investment has to be increased…

Q: A significant economic challenge in a global business environment is:

A: The question is asking about a significant economic challenge that businesses face in a global…

Q: What is the 80/20 principle?

A: The 80-20 rule, far-famed informally as the pareto Principle, states that 20% of all factors (or…

Q: After a financial crisis hits the country of Cinfuria, 2 million people become unemployed. If 65…

A: When the financial crisis hits the country several people become unemployed and it effects the…

Question

In coming years, high tech growth areas such as computers, biotechnology, and green technologies are likely to experience a

Question 11 options:

	surplus of labour.
	significant decline in market demand, leading to a stagnant labour market
	shortage of skilled labour.
	equilibrium in the labour market

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

Similar questions

Suggestions for the unemployment rate in the Philippines due to the pandemic
GDP deflator equals 110 and CPI (inflation for consumers) equals in the same period 0%, what happened? Select one alternative: It is impossible Imported products are more expensive Exported products are more expensive
Question 6 Please select the core idea of the theory proposed by David Ricardo in his book 'Principles of Political Economy and Taxation' Comparative advantage Trickle Down economics Market Competition International Division of labor
Amartya sen Briefly discussed Sen's capabilities approach to economic development
In which of the below economies would the vast majority of people engage in simple agricultural activities and consume most of their output. a. Raw material economy b. Subsistence economy c. Industrializing economy d. Emerging economy e. Industrial economy
The CPI was 17.2 in 1931. And was 12.9 in 1935. What is the inflation rate between 1931 and 1935?
What are some of the benefits of transitioning towards a circular economy, especially in terms of implementation of the 2030 Agenda?
Suppose that Norway is a small country and currently produces 100,000 board feet of lumber at $600 per 1,000 board feet. Then it begins to trade at the world price of $500 per 1,000 board feet. As a result of trade, Norway's production falls to 50,000 board feet and its consumption increases to 200,000 board feet. What is Norway's total welfare gain once it begins to trade? $5,000 $7,500 $17,500 $15,000
What change must be caused by devaluation? Pick a,b,c, or d A) a fall in the rate of interest B) a fall in the terms of trade C) a fall in the budget surplus D) a fall in employment
1.)According to Okun's law, if the unemployment rate goes from 10% to 8%, what will be the effect on the GDP? 2.)According to Okun's law, if the GDP goes down 1%, what has happened to the unemployment?
What are the factors that caused Singapore economy extremely vulnerable during the 1997 major economic crisis? discuss these factor caused this vulnerability.
The effects of a Market Economic System in a Country (Positive and Negative)