Recently, it was observed that people have started saving more rather than spending. This has impacted the demand for luxury goods and services. The decline in the demand led to unemployment in the related sectors.
To reduce unemployment levels caused by declining demand for luxury goods and services due to increased saving behavior, the government can focus on implementing expansionary fiscal policies.
This involves increasing public spending on infrastructure projects, education, healthcare and other sectors to stimulate economic activity and create job opportunities.
The supporting reskilling and upskilling programs to equip the unemployed with relevant skills for emerging industries can enhance their employability.
A comprehensive approach that combines fiscal measures, incentives, and workforce development initiatives can help mitigate unemployment and foster economic recovery.
To know more about unemployment here,
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Reduce interest rates.
Monopolistically competitive firm is the firm that produces at an output where average total cost is not a minimum. From this follows that this type of firm is marginally inefficient. In general, monopolistically competitive firms earn profits slightly above their cost in the long run.
In general, monopolistically competitive firms can earn profits in the short run and long run, but the amount of profit varies. Unlike perfectly competitive firms, monopolistically competitive firms have some degree of market power, meaning they can differentiate their products and charge higher prices.
In general, monopolistically competitive firms can earn profits in the short run and long run, but the amount of profit varies. Unlike perfectly competitive firms, monopolistically competitive firms have some degree of market power, meaning they can differentiate their products and charge higher prices. However, since there is still some level of competition, the profit margins are typically lower compared to monopolies or oligopolies.
For example, a monopolistically competitive firm may sell unique flavors of ice cream that are not available from other firms in the market. This differentiation allows them to attract customers willing to pay a premium price for their product. However, if other firms introduce similar flavors or the market becomes saturated, the firm's ability to earn profits may decrease.
Overall, monopolistically competitive firms can earn profits, but the level of profit depends on market conditions, product differentiation, and the ability to maintain a loyal customer base.
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Energy decreases along the food chain from producers to tertiary consumers due to energy loss at each trophic level and inefficient energy transfer.
As we go along the food chain from producers to tertiary consumers, the amount of energy available decreases. This is because energy is lost at each trophic level through processes such as respiration, heat loss, and waste production. Additionally, only a fraction of the energy stored in the organisms at one trophic level is transferred to the next level through consumption.
For example, let's consider a simple food chain with grass as the producer, gazelles as the primary consumers, lions as the secondary consumers, and hyenas as the tertiary consumers. The grass absorbs energy from the sun through photosynthesis and stores it in its tissues. When a gazelle eats the grass, it obtains some of that energy. However, the lion that eats the gazelle only receives a fraction of the energy stored in the gazelle's tissues. As a result, by the time the energy reaches the tertiary consumers, there is much less available compared to the energy stored by the producers.
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Answer:
accuracy
Explanation:
Managers should attempt to collect and use all available information in the organization's planning process. This emphasizes the accuracy aspect of planning.
A.buying both a car and a home
B.leasing both a car and home
C.buying a car and leasing a home
D.leasing a car and buying a home
b. When you are making a career change.
c. When your most recent job is similar to the one you are applying to.
d. When you are applying to a very traditional company.
It is b) when you are making a career change.
just took the test hope this helps you
The option b is correct.
A functional resume is written when you are making a career change.
Further explanation:
Functional Resume: This kind of resume contains information regarding the skills and experience of the person. It does not contain work history in chronological order. It is used by individuals:
• Those people who are making a change in their career profile
• Those people whose employment history have gaps
• Those who are applying for the new job and their previous work experience is not related to the new job.
Justification for the correct and incorrect answer:
a.
When you work, history does not have obvious gaps: This option is incorrect.
The functional resume is used when there are gaps in employment history. The gaps can be due to medical reasons or personal factors.
b.
When you are making a career change: This option is correct.
The resume contains information regarding the skills and experience of the person. So, when the person is making a career change, a functional resume is required.
c.
When your most recent job is similar to the one, you are applying to: This option is incorrect.
If the person is applying for a similar job, then the functional resume is not required, the traditional resume can be used.
d.
When you are applying to a very traditional company: This option is incorrect.
The traditional company does not require a functional resume because they appreciate the resume containing all employment details in chronological order.
Learn more:
1. Stages of resume review
2. Cover letter and resume
3. Electronic submission of resume
Answer details:
Grade: High School
Subject: Business
Chapter: Human resource management
Keywords: When should you write a functional (skills) resume, When you work history does not have obvious gaps, When you are making a career change When your most recent job is similar to the one you are applying to, When you are applying to a very traditional company.
Answer:
flexibility
Explanation:
According to classical economists, the price-wage-interest rate flexibility refers to a combination of flexible factors that maintains economic stability:
Therefore, if spending declines, the economy will self-adjust using flexible interest rates (interest rates should lower), flexible wages (wages should lower) and flexible prices (prices should lower) until the economy rebounds.