Ask Question
BusinessBusiness
27 February, 21:09

If an economist observed that both wages and employment decreased in aparticular country, the economist would suggest that it was caused by:a. an increase in the supply of labor. b. an increase in the demand for labor. c. an increase in both the demand for labor and the supply of labor. d. a decrease in the supply of labor. e. a decrease in the demand for labor.

+4
Answers (1)
  1. 27 February, 22:45
    0
    E) a decrease in the demand for labor

    Explanation:

    This can be interpreted as a scenario of economic downturn in which firms tend to produce less, causing unemployment. As unemployment occurs, there will be greater supply for work, but firms will demand less. This divergence between labor supply and demand will lead to wage adjustment, which tends to decrease in recessive scenarios.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If an economist observed that both wages and employment decreased in aparticular country, the economist would suggest that it was caused ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
For 2018, Gourmet Kitchen Products reported $22 million of sales and $19 million of operating costs (including depreciation). The company has $15 million of total invested capital.
Answers (1)
Edit question Utah Light, Inc. has a takeover offer from Cal Corp. Utah Light is experiencing difficulty with earnings and its share price has dropped from $32 to $19. Cal Corp's offer is for $23 per share.
Answers (1)
Managerial efforts to boost a company's stock price should entail such actions as
Answers (1)
Students arrive at the Administrative Services Office at an average of one every 15 minutes, and their requests take on average 10 minutes to be processed.
Answers (1)
The cost of merchandise sold during the year was $45,000. Merchandise inventories were $13,500 and $10,500 at the beginning and end of the year, respectively. Accounts payable were $7,000 and $5,000 at the beginning and end of the year, respectively.
Answers (1)
New Questions in Business
The price for cigarettes sold by Big Tobacco Co Ltd was 6.00 per packet in March 2018. During the month of March, the consumption of cigarettes was 1000 packets.
Answers (1)
Services had net income for the month of October of $ 23 comma 040. Assets as of the beginning and end of the month totaled $ 369 comma 000 , and $ 399 comma 000 , respectively. Calculate Matured Water Services' ROA for the month of October.
Answers (1)
Symbic Foods, a chain of fast food restaurants, has included a drop-down menu on its main Web site. With this drop-down menu, people can view their country-specific Web site, which contains information about the dishes that Symbic Foods serves in
Answers (1)
Zoe buys three new lipsticks from a store at the mall. Which payment method would reduce the amount of money in her checking account?
Answers (1)
Q 1.1: managerial accounting reports could not be described as
Answers (1)
Home » Business » If an economist observed that both wages and employment decreased in aparticular country, the economist would suggest that it was caused by:a. an increase in the supply of labor. b. an increase in the demand for labor. c.
Sign Up Forgot Password?