Working as an Elevator Operator Used to Be a Common

question 155

Multiple Choice

Working as an elevator operator used to be a common job in the workforce four decades ago, but today few jobs remain.The unemployment created by introduction of automatic elevators would be considered:

• A)wait.
• B)cyclical.
• C)frictional.
• D)structural.

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Definitions:

Street Crime

Refers to criminal acts that occur in public places such as theft, vandalism, assault, and robbery.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that sellers are willing to offer for sale, holding other factors constant.

Horizontal Axis

In a graph or chart, it is the x-axis, representing the independent variable.

Equilibrium Quantity

Equilibrium quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.