What is the Small Business Administration (SBA)?

Q: Is the federal government effective in the jobs we expect it to do?

A: A theoretical approach on regulation, employment, and the economy Proponents of deregulation have…

Q: How is the producer price index calculated?

A: The producer price index is the measure of the average prices that are received by the producers of…

Q: Identify some reasons why household incomes differ. Which factors are the most important?

A: There are various factors that affect the income of households such as:

Q: What is the labor force participation rate?

A: Labour force participation rate can be defined as the working population section in the group of…

Q: What is inflation and how does it impact individuals

A: Inflation refers  to the general increase in price level with decease in the purchasing power of a…

Q: 7. Monopoly and Price Elasticity Consider the relationship between monopoly pricing and the price…

A: Answer: A monopolist always produces in the elastic region of the demand curve. It is because in the…

Q: Why does the general public often refer to the cost-of-living index?

A: The economy consists of different type of people in it. There will be some with high financial…

Q: Describe the Administrative Functions?

A: Administrative functions - These are the functions which determine the nature of  policies will be…

Q: What social and economic factors have prompted the rise in small business?

A: Small businesses are generally owned by the private, which is also known as limited liability…

Q: What is The Producer Price Index?

A: A market is a place where the producer and the seller interact with each other and the exchange of…

Q: Unemployment as measured includes the total number of people who would like to have a job but have…

A: Definition of unemployment When a person is able and wants to work but is unable to obtain a job,…

Q: what is economic pension cost?

A: There exist a relationship between the employer and the employees during the service as well as…

Q: What was the rate of inflation between 2015 and 2016?

A: As given CPI for three years, using 2016 as the base year:  1. 2015: 108 2. 2016: 100 3. 2017: 94…

Q: Inflation rate for the developed country (New Zealand).

A: Inflation rate refers to the rate at which the price of the goods and service increases in a nation.…

Q: In Spain what is the divorce rate?

A: Divorce rates can be described as the total number of divorces occurring per 1,000 population within…

Q: How do higher gasoline prices contribute to inflation?

A: Inflation: It refers to the rise in the general price level of goods and services traded in the…