How does unemployment affect economic stability?
What will be an ideal response?
Answer: Unemployment is the level of joblessness among people actively seeking work in an economic system. When unemployment is low, there is a shortage of labor available for businesses to hire. As businesses compete with one another for the available supply of labor, they raise the wages they are willing to pay. Higher labor costs eat into profit margins, they raise the prices of their products. Although consumers have more money to inject into the economy, this increase is soon undone by higher prices, so purchasing power declines.
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The Civil Rights Act of 1968 (Federal Fair Housing Laws) prohibits which of the following as it applies to the practice of real estate:
a. Discrimination by licensees towards clients and customers. b. Refusing to show, rent, or sell based on the false claim that the property is no longer available. c. Offering less than optimal sales or loan terms based on the clients or customers membership in a protected class. d. All of the above
What is the difference between an insurance premium and an insurance deductible? How are they related?
What will be an ideal response?