Table 16-1
the Following Table Shows the Output Produced by Each

question 131

Multiple Choice

Table 16-1
The following table shows the output produced by each of the top eight firms in four industries as well as the total industry output for those industries.
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$$\begin{array} { | c | c | c | c | c | } \hline \text { Firm } & \text { Industry A } & \text { Industry B } & \text { Industry C } & \text { Industry D } \\\hline 1 & 50,000 & 18,000 & 37,000 & 40,000 \\\hline 2 & 47,000 & 17,750 & 36,500 & 39,000 \\\hline 3 & 43,000 & 17,250 & 35,500 & 37,000 \\\hline 4 & 38,000 & 16,500 & 34,000 & 34,000 \\\hline 5 & 32,000 & 15,500 & 32,000 & 30,000 \\\hline 6 & 25,000 & 14,250 & 29,500 & 25,000 \\\hline 7 & 17,000 & 12,750 & 26,500 & 19,000 \\\hline 8 & 8,000 & 11,000 & 23,000 & 12,000 \\\hline \text { Total } & \mathbf { 2 7 0 , 0 0 0 } & \mathbf { 1 3 0 , 0 0 0 } & \mathbf { 3 0 0 , 0 0 0 } & \mathbf { 2 5 0 , 0 0 0 } \\\hline\end{array}$$ ​
-Refer to Table 16-1. Based on the concentration ratio, which industry is the most competitive?

• A)Industry A
• B)Industry B
• C)Industry C
• D)Industry D

Identify the concept of marginally attached workers and discouraged workers.

Comprehend the factors influencing the unemployment rate, including biases and behaviors affecting it.

Differentiate between short-term and long-term unemployment and the factors contributing to each.

Understand the types of unemployment: structural, frictional, and their causes.

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Definitions:

Equity Theory

A theory of motivation that suggests individuals assess their own input-to-outcome ratios in comparison to others as a measure of fairness in relationships or work situations.

Content Theory

A theory that focuses on identifying and understanding the specific needs that motivate individuals to act in various ways.

J. Stacy Adams

Is known for developing the Equity Theory of motivation, which explains how individuals assess their job satisfaction and motivation through perceived fairness in the workplace.

Positive Inequity

A situation where an individual perceives they are receiving more than they believe they should in comparison to others, leading to a sense of unfair advantage.