Suppose That Over a Period of Years the Country of Quasiland

question 82

Multiple Choice

Suppose that over a period of years the country of Quasiland switched from being an agriculturally-based economy to a technologically-based economy. As a result, many people lost jobs because they lacked the correct skills. As they search for new jobs, these people are part of

• A) frictional unemployment.
• B) cyclical unemployment.
• C) structural unemployment.
• D) discouraged workers.

Acknowledge the principle that high performance is irreplaceable for career and organizational success.

Understand the relationship between technology, productivity, and competitive advantage.

Understand the steps to manage personal finances and investments during an economic crisis.

Grasp the concept of risk tolerance and asset distribution based on age.

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Definitions:

Ego

In Sigmund Freud’s theory, the structure that begins to develop in response to the fact that instinctual demands of the id are not always immediately met. The ego develops to curb the desires of id so that the individual does not suffer any unpleasant consequences.

Reality Principle

A psychoanalytic concept involving the ability of the mind to assess the external world and act upon it accordingly, often in contrast to the pleasure principle.

Right and Wrong

Fundamental concepts relating to ethics and morality, guiding behavior as acceptable or unacceptable.