Suppose That Because of the Popularity of the Low-Carb Diet,bakeries

question 36

Multiple Choice

Suppose that because of the popularity of the low-carb diet,bakeries need fewer workers and steak houses need more workers.The unemployment created by this change is

• A)frictional unemployment created by efficiency wages.
• B)frictional unemployment created by sectoral shifts.
• C)structural unemployment created by efficiency wages.
• D)structural unemployment created by sectoral shifts.

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Definitions:

Data Set

A group of associated data sets made up of distinct components which can be handled together as a single entity by a computer.

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit.

Median

A statistical measure representing the middle value in a data set when the values are arranged in ascending or descending order.

Mean

A statistical measure that represents the average value of a set of numbers.