The incorrect statement is option b: If the substitution effect is greater than the income effect, the labor-supply curve is upward sloping. The labor supply curve is a representation of the relationship between the wage rate and the number of hours of labor that workers are willing to offer, ceteris paribus (other things remaining constant). The correct option is b.
It can slope upward, downward, or neither, depending on whether the substitution effect or the income effect dominates in response to a wage change. In other words, it depicts how the number of hours supplied responds to a change in the wage rate. The curve will shift if there is a change in any of the non-wage factors that influence labor supply.
Option a: If the income effect is greater than the substitution effect, the labor-supply curve is downward sloping. The labor supply curve will be downward sloping if the income effect dominates. This happens when an increase in the wage rate results in a positive income effect (i.e., higher real income), which causes workers to reduce their hours worked because they value leisure more.
Option c: If Miguel experiences a wage decrease and works less, the income effect is greater than the substitution effect for him. A worker would work less if the income effect dominated in response to a wage reduction. The income effect is positive, implying that the worker's real income has decreased, which has led him to cut back on his working hours because the values leisure time more.
Option d: If Fiona gets a higher wage and works more, the substitution effect is greater than the income effect for her. A worker would work more if the substitution effect dominated in response to a wage increase. The substitution effect is positive, which implies that the worker's real wage rate has increased relative to the opportunity cost of leisure, prompting her to substitute labor for leisure time.
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when the common stock account is disclosed on the balance sheet, it is reported at: multiple choice current market value. average issue price. par or stated value. lower of cost or market.
The common stock account, when disclosed on the balance sheet, is reported at par or stated value.
Common stock represents ownership in a company and is recorded on the balance sheet as part of the shareholders' equity section. The par or stated value of common stock is an arbitrary value assigned by the company when the stock is initially issued. It represents the minimum legal capital of the company and is used for accounting purposes.
The other options you mentioned are not used for reporting common stock on the balance sheet. Current market value refers to the stock's market price at a given time, which fluctuates based on supply and demand. Average issue price is not relevant for balance sheet reporting, as it would involve calculating an average of all issued shares' prices. Lower of cost or market is a valuation method used for inventory, not common stock.
Remember that the balance sheet aims to provide a snapshot of a company's financial position at a specific point in time. By reporting common stock at par or stated value, the balance sheet presents a consistent and standardized view of the company's equity, allowing for better analysis and comparison with other companies.
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Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
Hap owns and operates a small business with only four full-time employees and less than $500,000 in annual sales. He currently uses a manual accounting system and relies on a part-time bookkeeper to keep his records in order. In evaluating the possible adoption of a computerized accounting system, Hap will probably discover that:
Answer:
Computerized accounting has a lot of advantages over manual accounting when rightly implemented
Explanation:
Computerized accounting is an integrated accounting system that uses program software stored on a computer or server to perform account functions. It can be a tailored or off the shelve software for that purpose.
It is easier to use , faster , and more accurate when compared to the manual accounting , which makes it more helpful especially for small business owners that do not have a good structure in place.However , the initial set up cost is high , and this need to be considered by small businesses before adoption. Moreover , as they come in different format , a small business may need to consult expert for the type that is mostly suitable for his business as well.
We derive the demand curve for x from indifference curves and a budget constraint by changing the:.
The demand curve for x is derived from indifference curves and a budget constraint by changing the price of x and observing the resulting changes in the quantity demanded of x.
To derive the demand curve for x from indifference curves and a budget constraint, we need to consider a consumer who spends all their income on two goods, x and y. Let the price of good x be Px and the price of good y be Py.The consumer's income (M) is spent on either good x or y.
We can express this in the following equation: M = PxQx + PyQy Where Qx is the quantity demanded of good x, Qy is the quantity demanded of good y, and M is the total income of the consumer. From the above equation, we can see that the quantity demanded of good x, Qx, is a function of the price of good x, Px.
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If the U.S. dollar price of the euro decreases, then
the U.S. dollar has depreciated.
the U.S. dollar has appreciated.
the euro has appreciated.
both the euro and the U.S. dollar have appreciated.
both the euro and the U.S. dollar have depreciated.
If the price of a euro in US dollars falls, the euro's value has increased relative to the United States dollar. This suggests that the value of the US dollar is Depreciation relative to the euro.
What does the term "diminish" mean?Definition: With time, use, wear and tear, or obsolescence reduce an asset's value. Other variables, such as poor market conditions, etc., may also contribute to depreciation, or a decline in an asset's value.
What does "depreciate" mean in practice?The depreciation rate is the annual percentage of the total amount depreciated. For instance, if a business depreciated an asset at a rate of $15,000 per year and had a total depreciation of $100,000 during the equipment's anticipated lifespan. The annual percentage would therefore be 15%.
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Item 2
Which of the following is NOT an example of a servant?
A graphic designer in a marketing firm
A manager in a paint store
A chef in a restaurant
A real estate broker who is hired to sell land
A real estate broker hired to sell land does not correspond to an example of a servant, who is a professional assigned to perform functions for the employer.
What are the functions of a broker?They are licensed professionals who have the essential training requirements to provide real estate service, and can work independently or with the hiring of other professionals for the job.
Therefore, the real estate broker is a professional capable of working independently, but must be licensed and comply with the code of ethics of the National Association of Realtors.
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A new municipal bond issue is dated January 1st and pays interest each April 1st and Oct. 1st. An investor purchased bonds from the issuer with a Thursday, January 31st settlement date. How many days of accrued interest did the investor owe?
29
30
33
34
The investor owed 30 days of accrued interest.
To calculate the number of days of accrued interest, we need to consider the settlement date and the payment dates of the bond. The settlement date is January 31st, and the bond pays interest on April 1st and October 1st. Since there are 30 days in January, the investor holds the bond for the entire month of January, which counts as accrued interest.
Therefore, the investor owes 30 days of accrued interest.
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in safe, what is considered an estimation buffer an time for innovation, education, problem solving, and prep for pi planning?
In SAFe (Scaled Agile Framework), an estimation buffer is a portion of time set aside to account for uncertainty and variability in estimating the duration of work.
It helps to mitigate risks and allows teams to have a more realistic estimate of the time required to complete a task or project. Time for innovation, education, problem-solving, and prep for PI (Program Increment) planning is considered as an important aspect of safe. It allows teams to allocate dedicated time for activities that are critical for continuous improvement and growth.
This time can be used for exploring new ideas, learning new skills, resolving complex problems, and preparing for the upcoming PI planning event. By including these activities in the safe framework, organizations promote a culture of innovation, knowledge sharing, and collaboration, which can lead to improved performance and better outcomes in the long run.
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A Las Vegas hotel want to provide to bear experience for a rep for its rapidly growing custom made base from China at the hotel can best do this by hiring
Answer:
Brian, a Mandarin interpreter who loves to interact with groups of all sizes.
Explanation:
In the context, a hotel in Las Vegas wants to give to experience for a representative for the increasingly growing customs which is made base from country China. The hotel can best do this by hiring Brian who is a Mandarin interpreter and he loves to meet and to interact with all size of people.
He can better able to facilitate the requirements of the travelers from China in a broader sense. Brian can allow the travelers less fluent in English speaking to make advantage of the available features at the hotel and also the amenities that the hotel offers. He bridges the language gaps between the hotel and the Chinese travelers.
Who do you contact if youve already accepted more loan money than you need?.
Answer:
You should contact the lender so you can return the leftover loan, reducing the amount that you owe.
If we have already accepted more loan money than what we need in that situation we can do two things:
We can contact to our lender and can explain that we have taken more loan as we required so you can take the amount and can decrease our emi and rate of interest. Secondly, we can lend that more loan amount money to different person on more rate of interest and we can earn some profit in between.What is rate of interest?
The amount of money or the percentage according to which the lender charge the money from the borrower is called rate of interest.
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Robert, an Organization Development (OD) consultant, is designing a survey of employee attitudes to be given to workers at the Lemon Automobile Company. Robert is in the _________ stage of OD.
Robert, the Organization Development (OD) consultant, is currently in the planning or designing stage of OD.
This is because he is in the process of creating a survey of employee attitudes to be given to workers at the Lemon Automobile Company.
This is a critical stage of the OD process as it involves identifying the objectives, goals, and outcomes of the OD intervention. In this stage, Robert will work closely with the leadership team of the company to understand the company's needs, culture, and vision.
He will also conduct a needs assessment to identify the specific issues and challenges that the company is facing. Once Robert has gathered this information, he will design a survey that will help him to collect data and measure the effectiveness of the OD intervention.
This stage requires careful planning, attention to detail, and the ability to identify key stakeholders who will be involved in the OD process.
Overall, the designing stage of OD is critical for laying the groundwork for a successful OD intervention that will help the company to achieve its objectives and goals.
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What type of economy let private individuals or groups of private individuals own and operate the means of production?
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.
The private and public sectors coexist in a mixed economic system. There is enough economic freedom for the private sector to decide how to deploy capital and maximize earnings. It permits the government to intervene in certain economic activities and industries at the same time.
Capitalism is an economic and political system in which private people or corporations own the factors of production. Their judgments are governed only by the desire to make a profit.
Capitalism is based on individual initiative and prefers market processes over government involvement whereas socialism is based on government planning and limits on private resource control. When left to their own devices, economies tend to mix components of both systems.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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which of the following is not part of the financial forecasting process used to project financial statements? question 28 options: a) project the balance sheet b) project the cost of equity capital c) project the statement of cash flows d) project the income statement
The answer to this question is option B, which states that projecting the cost of equity capital is not part of the financial forecasting process used to project financial statements.
Financial forecasting is an important aspect of financial planning, and it involves estimating the future financial performance of a business based on historical data and current trends. The process typically involves projecting the income statement, balance sheet, and statement of cash flows. The income statement is a financial statement that shows a company's revenue, expenses, and net income over a specified period. It is an essential component of financial forecasting as it helps determine the profitability of a business.
The balance sheet, on the other hand, provides a snapshot of a company's financial position at a specific point in time. It includes information about a company's assets, liabilities, and equity. By projecting the balance sheet, companies can estimate their financial position in the future and plan accordingly.
Lastly, the statement of cash flows shows the inflows and outflows of cash within a company during a specified period. It helps businesses identify areas where cash is being spent and where it is being generated. By projecting the statement of cash flows, companies can predict their cash position in the future and plan for any potential cash flow problems.
In conclusion, financial forecasting is an essential process for businesses as it helps them plan for their financial future. While projecting the cost of equity capital may be important in certain financial analyses, it is not a part of the financial forecasting process used to project financial statements. The projection of the income statement, balance sheet, and statement of cash flows are crucial components of financial forecasting and provide companies with a clear understanding of their financial position in the future. So, the answer to this question is option B
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If you can follow a definite procedure to make a business decision, you are making a(n) ________ decision.
If you can follow a definite procedure to make a business decision, you are making a(n) E) structured decision.
What is a structured decision?A structured decision-making process follows some defined processes.
A set of predetermined steps are always followed such that solutions to business problems rely less on intuition or personal judgment.
Another characteristic of structured decision-making is that decisions are straightforward, returning the same solution every time.
However, a good decision-making process should result in a large monetary value for the firm with improved efficiency, production, costs, and more added values.
Answer Options:A) ad-hoc
B) procedural
C) unstructured
D) semi-structured
E) structured
Thus, if you can follow a definite procedure to make a business decision, you are making a(n) E) structured decision.
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When Isabella and Sam chose to put up an affordable, maintenance-free plastic fence in their yard instead of the wrought-iron fence they preferred but could not afford on their budget, they demonstrated
When Isabella and Sam chose to put up an affordable, maintenance-free plastic fence in their yard instead of the wrought-iron fence they preferred but could not afford on their budget, they demonstrated a practical and financially responsible decision-making process.
The couple weighed their desire for a wrought-iron fence against their budget constraints and opted for a more affordable option that still provided the functional benefits they needed. By choosing the plastic fence, they also demonstrated their understanding of the long-term costs associated with maintaining a wrought-iron fence, which can become expensive over time due to the need for regular upkeep and repairs.
In addition to their practicality, Isabella and Sam also demonstrated their ability to prioritize their needs and wants. While they would have preferred a wrought-iron fence, they recognized that it was not essential to their happiness or well-being, and they were able to prioritize their budget accordingly.
This decision-making process shows maturity and responsibility, as they were able to balance their desires with their financial realities in a way that made the most sense for their current situation. Overall, Isabella and Sam's decision to install a plastic fence instead of a wrought-iron one demonstrates their practicality, financial responsibility, and ability to prioritize their needs and wants.
While it may not have been their first choice, they were able to make a decision that was both functional and cost-effective, which is a valuable skill that will serve them well in the future.
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An investment adviser representative has worked with a client and his spouse for 10 years and has an excellent relationship with the couple. The representative has been notified that the husband is unconscious and is in the hospital. The account has several open orders that have not yet been executed. What can the representative do regarding the disposition of these orders
rewards such as bonuses, thank-yous, and gift cards are all forms of that increase the probability that the behavior they follow will occur again.
T/F
True, rewards like bonuses, thank-yous, and gift cards are indeed forms of reinforcement that increase the likelihood of repeated behavior.
Rewards such as bonuses, thank-yous, and gift cards are all positive reinforcements that increase the probability of the behavior they follow recurring in the future. When individuals receive rewards for certain behaviors, they are more likely to repeat those behaviors because they associate them with positive outcomes. This is based on the principles of operant conditioning, where positive reinforcement strengthens desired behaviors.
In summary, rewards like bonuses, thank-yous, and gift cards are indeed forms of reinforcement that increase the likelihood of repeated behavior. By providing positive incentives, organizations and individuals can effectively motivate and encourage desired behaviors, leading to their continuation in the future.
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hellp! WILL GIVE 30 POINTS!!
Alexis and Damian are both taking a course on picking a career. They go to the same art club so they both know what they enjoy doing. Surprisingly, Alexis and Damian might find careers in the Architecture and Construction Career Cluster that allow them to express themselves through art. Create a list of possible jobs in this cluster that could use an artistic person and explain a task that each job does that the two students might particularly enjoy.
*Dont answer for points, cuz I've gotten scames so many times :/
Answer:
A few jobs that express how you feel through art are house remodeling because you can decorate with things that make you happy or that show how you feel, professional painter because you can paint how you feel, and a gardener because you make the garden look like something that expresses how you feel.
Explanation:
Hope this helps! Just make sure to edit it a little so that you don't get in trouble! :)
The driving force of some governments is to bring the benefits of competition to formerly monopolized markets. Explain the benefits that might occur in a more competitive market compared with a monopolized market.
Competition lowers prices, improves quality, and boosts innovation by incentivizing businesses to attract customers, differentiate themselves, and invest in research and development.
Lower Prices: Increased competition often leads to lower prices as businesses strive to attract customers by offering better deals and value. Improved Quality Competition drives businesses to improve the quality of their products or services to differentiate themselves from their competitors. In a monopolized market, the lack of competition can lead to complacency and a decreased incentive to innovate or enhance product quality.3. Increased Innovation: Competition fosters innovation as firms seek to gain a competitive edge. In a monopolized market, the dominant company may have less motivation to invest in research and development, stifling technological advancements and limiting consumer choice.
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True or false: Corporate Social Responsibility (CSR) and corporate profits can at times go hand in hand.
True false question.
True
False
Answer:
TRUE
Explanation:
I think that answer
What will be the end result for the taxpayer who filed his federal income tax return.
If your federal gross income was $12,950 or more and you're under 65, you must submit a single status tax return. If your federal gross income was $14,700 or more and you are 65 years of age or older, you must file.
What is the status of federal filing?
Determines the tax rate applied to income. Head of household, married filing jointly, married filing separately, single, and qualified widow(er) with dependent child are the five filing statuses. A tax year is the 12-month period of time that a tax return covers. The tax year for people in the US is from January 1 to December 31 and includes taxes due on income earned during that time. The Where's My Return? feature is the easiest method to find out if you've received a tax refund. After receiving an e-filed return, taxpayers have 24 hours to start monitoring the status of their refund. After the return is processed and a refund is approved, the program also offers a customized refund date.
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the overhead cost per unit of deluxe product under the traditional costing system is closest to:multiple choice$50.66.$5.49.$26.09.$11.45.
The overhead cost per unit of deluxe product under the traditional costing system is closest to $50.66 .Without knowing the specific details, it is difficult to determine the overhead cost per unit of the deluxe product under the traditional costing system. The correct answer is A.
The calculation of overhead costs per unit can involve various factors such as direct labor costs, material costs, indirect costs, and other related expenses. These costs can be allocated based on different methods, including activity-based costing or traditional costing.
The overhead cost per unit of deluxe product under the traditional costing system could be calculated by dividing the total overhead costs by the total number of units produced. Without more information, it is impossible to determine which of the multiple-choice options is the closest answer.
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Which is an effect of sponsoring a sports event?
A.eliminate competitors
B.grab the attention of a global audience
C.gain the attention of advertising companies
D.earn large tax benefits
Answer:
B
Explanation:
You are advertising a sports event which wont really help your business profit wise but would instead gather attention from potential customers
during a year, a company purchased plant assets for $500,000 and sold for $300,000 plant assets costing $450,000 that had a book value of $275,000. the income statement includes a gain on the sale of $25,000. what information is presented in the investing activities section of the statement of cash flows?
The answer to the question is that the investing activities section of the statement of cash flows would include the cash inflows and outflows related to the purchase and sale of the company's plant assets.
The investing activities section of the statement of cash flows would show a cash outflow of $500,000 for the purchase of plant assets and a cash inflow of $300,000 from the sale of plant assets. Additionally, the sale of plant assets costing $450,000 with a book value of $275,000 would result in a gain of $25,000, which would be added back to the net income in the operating activities section of the statement of cash flows to arrive at the cash flows from operating activities. Therefore, the net cash outflow from investing activities would be $200,000 ($500,000 - $300,000) and the gain on the sale of plant assets would be reflected in the operating activities section of the statement of cash flows.
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Leadership conceptualized as that which moves followers to accomplish more than is usually expected of them is known as the ______.
Leadership conceptualized as that which moves followers to accomplish more than is usually expected of them is known as the Transformational leadership.
What is Transformational leadership?
Transformational leadership can be regarded as kind of leadership that motivate followers to accomplish the set goal of the organization excellently as expected of them by their leaders.
Therefore, Transformational leadership moves followers to accomplish more than is usually expected .
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A firm produces 400 units of output at a total cost of $1,200. If fixed costs are $200,a. average fixed cost is $2.b. average variable cost is $2.50.c. average total cost is $4.d. average total cost is $5
A company spends $1,200 to make 400 units. If fixed costs total $200, the typical variable cost is $2.50. Here option B is the correct answer.
We need to understand the different types of costs involved in production: fixed costs and variable costs. Fixed costs are those that do not change with the level of output, while variable costs increase as output increases. The sum of fixed costs and variable costs is the total cost of production.
In this case, we are given that the firm produces 400 units of output at a total cost of $1,200, and fixed costs are $200. To find the average fixed cost, we divide the fixed costs by the level of output, which gives us:
Average Fixed Cost = Fixed Costs / Output
Average Fixed Cost = $200 / 400
Average Fixed Cost = $0.50
Therefore, option (a) is incorrect. The average fixed cost is $0.50, not $2.
To find the average variable cost, we need to subtract the fixed costs from the total cost and divide by the level of output:
Variable Costs = Total Cost - Fixed Costs
Variable Costs = $1,200 - $200
Variable Costs = $1,000
Average Variable Cost = Variable Costs / Output
Average Variable Cost = $1,000 / 400
Average Variable Cost = $2.50
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calculate the duration of a two-year corporate loan paying 6 percent interest annually, selling at par. the $30,000,000 loan is 100 percent amortizing with annual payments.
The duration of a two-year corporate loan paying 6% interest annually and selling at par is 1.8333 years. This loan has a total of 2 annual payments.
To calculate the duration of a two-year corporate loan paying 6% interest annually, selling at par, and being 100% amortizing with annual payments, follow these steps:
1. Calculate the annual interest payment: 6% of $30,000,000 is $1,800,000.
2. Calculate the annual principal repayment: $30,000,000 / 2 (years) = $15,000,000.
3. Calculate the total annual payment: $1,800,000 (interest) + $15,000,000 (principal) = $16,800,000.
4. Calculate the present value of each cash flow, using a discount rate of 6%.
- PV₁ = $16,800,000 / (1.06¹) = $15,849,057.55
- PV₂ = $16,800,000 / (1.06²) = $14,934,304.12
5. Calculate the weighted average time of each cash flow: (1 * PV₁) + (2 * PV₂) = $15,849,057.55 + $29,868,608.24 = $45,717,665.79
6. Calculate the Macaulay duration: Duration = $45,717,665.79 / $30,000,000 = 1.8333 years.
Thus, the duration of the loan is 1.8333 years, and it has a total of 2 annual payments.
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Customers are demanding your product. Unfortunately, you are struggling to create supply at the same rate. Based on the law of demand, what could you do to decrease the demand?
1. Decrease the supply
2. Decrease the price
3. Increase the supply
4. Increase the Price
Answer: Increase the Price
Explanation:
Since the customers are demanding for ones product while the supplier is struggling to create supply at the same rate, the way that the supplier can reduce the demand for the product is to increase the price.
According to the law of demand, when price of a product increases, the consumers will demand less for that product and in a situation whereby there's reduction in price, more of the product will be demanded.
"A review of major newspapers across the United States reveals that "help wanted" advertisement lineage has been decreasing. This is a:"
Answer: leading indicator showing that economic activity is going to increase
Explanation:
From the question, we are informed that a review of major newspapers across the United States showed that "help wanted" advertisement lineage has been decreasing.
This simply means that there's going to be an increase in the economic activity. This is due to the reduction in "help wanted" as it seems many individuals can now meet their needs. This will have a positive effect on the economy.