When a government decided to limit the number of goods that can be sold to another nation?
Trade Interferences Governments three primary means to restrict trade: quota systems; tariffs; and subsidies. A quota system imposes restrictions on the specific number of goods imported into a country. Quota systems allow governments to control the quantity of imports to help protect domestic industries.
In which of the following ways to government spend money to meet public needs check all that apply?
Explanation: Options 3,4,5 requires the government to spend money to meet the public needs. so options 3,4 and 5 are the ways government spend money to meet public needs.
What is a major factor in the decline of some occupations such as those in the textiles?
What is a major factor in the decline of some occupations, such as those in the textiles and clothing industries? To reduce pollution, the______ legislates and enforces regulations that protect the air, water, and land. Spending that can change from year to year is known as_______ spending.
Which statement explains it way how the Securities and Exchange Commission upholds fair business practices?
Which statement explains a way how the Securities and Exchange Commission upholds fair business practices? The SEC makes sure that banks follow federal laws. The SEC tries to limit risk in the financial system. The SEC generally oversees banking practices.
What type of labor force might a pottery factory want to focus on when hiring?
Answer Expert Verified. Highly skilled labor force might a pottery factory want to focus while hiring. Further Explanations: Pottery can be explained as the processes involving in the shaping of vessels with clay and other ceramic substances and then hardening it by placing it at high temperature.
What would happen if an economy is unable to produce wanted goods and services?
If an economy is unable to produce wanted goods and services, then the people will look elsewhere for them. If a demand is not fulfilled by the current economy, the customers will go where their demand is fulfilled. Therefore, an economy must fulfill the demand of the customers and produce wanted goods and services.
When individuals are looking for jobs but are unable to find work they are said to be?
Answer Expert Verified. These individuals would be said to be unemployed. Unemployment rates are based off the number of people who are actively looking for jobs but currently can’t find work.
What does the labor force participation rate tell us?
The labor force participation rate is the proportion of the working-age population that is either working or actively looking for work. 1 This rate is an important labor market measure because it represents the relative amount of labor resources available for the production of goods and services.
How does the labor force participation rate change?
Demographic Factors Changes in the working-age population from generation to generation influence labor force participation as well. As large age cohorts enter retirement age, the labor participation rate can fall. The retirement of a steady stream of baby boomers has reduced labor force participation.
Why is the labor force participation rate dropping?
Richter, Chapman, and Mihaylov present a number of possible factors for why labor force participation and employment rates have declined: less-generous maternity and child-care policies, higher incarceration rates, poorer health outcomes, and less spending on on-the-job retraining and job-search assistance programs.
What happened to the labor force participation rate?
After trending up for more than three decades, the labor force participation rate peaked at 67.3 percent in early 2000. Over the next few years, the rate receded to about 66 percent and stayed at that level through 2008. The participation rate then dropped again, and by mid-2016, it stood at 62.7 percent.
What would happen to the unemployment rate and the labor force participation rate of homemakers?
What would happens to the unemployment rate and the labor force participation rate if homemakers were included in these numbers? The unemployment rate would decrease and the labor force participation rate would increase.
When the economy is at full employment unemployment is equal to?
The economy is considered to be at full employment when the actual unemployment rate is equal to the natural rate. When the economy is at full employment, real GDP is equal to potential real GDP.