In 2005, Zimbabwe Was an Unstable Place to Live or Work.The

question 126

Multiple Choice

In 2005, Zimbabwe was an unstable place to live or work.The civil unrest sent thousands of refugees across the border to South Africa, where they sought relief from the dangers.From the information provided, in which of the following ways might the Zimbabwean situation possibly affect South African labour markets?

• A)all of the below
• B)wages would decrease
• C)total employment would increase
• D)marginal product of labour would decrease

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Definitions:

Rent Revenue

Income earned from leasing out properties or equipment.

Cost of Goods Available

The total inventory cost of goods that a company has available for sale at the beginning of an accounting period, including purchases made during the period.

Net Purchases

Net purchases are the total purchases made by a business after subtracting any returns, allowances, and discounts from the gross purchases.

Freight-In

The cost associated with the transportation of goods from the supplier to the buyer, typically added to the cost of purchases.