Suppose That Consumers Choose to Smoke Less and Chew Gum

question 459

Multiple Choice

Suppose that consumers choose to smoke less and chew gum more. Tobacco companies cut back on the number of people they employ while chewing gum manufacturers employ more. This is an example of

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

Understand the concept of seriation and how it develops in childhood.

Explain the concept of conservation of mass and how it is understood by children.

Identify and describe skills and concepts that develop in concrete operational stage.

Explain the significance of brain development stages in childhood.

---

Definitions:

Accounts Receivable

A financial record of the amounts owed to a business by its customers for goods or services delivered on credit.

Marketable Securities

Refers to liquid financial instruments that can be quickly converted into cash at market value.

Long-Term Investments

Assets that a company intends to hold for more than one year, including stocks, bonds, and real estate.

Inventory Management

The process of ordering, storing, tracking, and controlling inventory to ensure that a company has the right amount of goods at the right time, minimizing costs and maximizing efficiency.