Employment opportunities for more than five hundred people will be lost when New Development Solutions, Inc., closes its headquarters in the city of Nowhere, USA.
What are effects that the closing of New Development is likely to have on Nowhere?
1)Service industries will close
2)Population will decrease.
3)Public employees will receive higher salaries.
4)Tax revenues will decrease.
5)People will move to Nowhere.
i think its 1 and 2
dude. idek what any of this means ngl
Yes, 1 and 2 are correct.
But there's one more effect the closing will have.
what a bout 4
The effects of the closing of New Development Solutions, Inc. are likely to have several impacts on the city of Nowhere, USA. Let's analyze the different options you mentioned:
1) Service industries will close: This is a possible effect. When a company shuts down and many people lose their jobs, it can lead to a decline in local businesses that rely on the purchasing power of those employees. Without a significant customer base, service industries may struggle to remain operational.
2) Population will decrease: This is also a possible effect. If a large number of job opportunities disappear due to the closure of New Development Solutions, Inc., it is likely that some residents will be forced to leave in search of employment elsewhere. This can lead to a decrease in the overall population of the city.
Now, let's evaluate the other options you mentioned:
3) Public employees will receive higher salaries: There is no direct causal relationship between the closing of New Development Solutions, Inc. and an increase in public employee salaries. It is unlikely that the closure of one company would result in higher salaries for public employees across the board.
4) Tax revenues will decrease: This is a probable effect. When a business closes, it no longer generates revenue, and as a result, it cannot contribute to local tax revenues. With the loss of tax revenue from a large company like New Development Solutions, Inc., the city of Nowhere may face a decline in its overall budget.
5) People will move to Nowhere: It is unlikely that the closure of New Development Solutions, Inc. will attract people to move to Nowhere. Generally, job losses and economic decline lead to a decrease in population rather than an increase.
So, based on the analysis, options 1) Service industries will close and 2) Population will decrease are the most probable effects of the company's closure. Keep in mind that these effects may vary based on the specific circumstances of Nowhere, USA.