This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A command system is a method of organizing production that A) uses a market-like mechanism inside ... (Read 127 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
A command system is a method of organizing production that
 
  A) uses a market-like mechanism inside the firm.
  B) relies on competitive markets.
  C) uses a managerial hierarchy.
  D) uses incentives most extensively.

Question 2

A labor force survey in Brownland records the following data:
 
  Employed: 189,000
  Unemployed: 15,000
  Not in the labor force: 84,000
  a) Calculate the unemployment rate.
  b) Calculate the labor force participation rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mochi

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

a) The unemployment rate is the number of unemployed as a percentage of the labor force. The labor force is the sum of the number of people employed plus the number of unemployed. Brownland's labor force is 189,000 + 15,000 = 204,000. So the unemployment rate is (15,000/204,000 )  100 = 7.4 percent.
b) The labor force participation rate is the percentage of the working-age population who are in the labor force. The working age population are those who are in the labor force and those who are not in the labor force. So Brownland's working-age population is 204,000 + 84,000 = 288,000, and its labor force participation rate is (204,000/288,000 )  100 = 70.8 percent.


serike

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Your heart beats over 36 million times a year.

Renin Angiotensi​n Aldosteron​e System Renin Angiotensi​n Aldosteron​e System
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Development of the Endocrine System Development of the Endocrine System
Linear programming problems using the simplex method. Linear programming problems using the simplex method.
The central nervous system is composed of the brain and the spinal cord The central nervous system is composed of the brain and the spinal cord
Major muscles of the human musculoskeletal system Major muscles of the human musculoskeletal system
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library