In the 2000s, Video Recordings Were Made Primarily on DVDs

question 27

Multiple Choice

In the 2000s, video recordings were made primarily on DVDs. However, in the 2010s streaming movies became increasingly popular, leading to a sharp decline in DVDs. As a result, many people who manufactured DVDs lost their jobs and didn't have the skills necessary to work in jobs required to stream movies. This occurrence is best consider an example of

• A) frictional unemployment.
• B) structural unemployment.
• C) cyclical unemployment.
• D) underemployment.

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Definitions:

Antitrust Violation

Instances where businesses or individuals engage in practices that restrict competition, violate established antitrust laws, and harm consumers or the economy.

Restraints Of Trade

Legal restrictions placed on business practices that can limit competition or manipulate markets.

Economic Competition

The rivalry among businesses to attract customers and achieve a higher market share, driving innovation and efficiency.

Resale Price Maintenance

A practice where a manufacturer or wholesaler controls the retail price at which products are sold by retailers, often to maintain brand image or prevent price wars.