Critical Thinking Questions Case 1-1 Perry Has Recently Expanded His

question 74

Multiple Choice

Critical Thinking Questions Case 1-1 Perry has recently expanded his business from a sole proprietorship to include two new employees he has hired. As a result of this expansion, he is considering carefully how to save the workbooks that he and his employees will create, and what storage media would be the best for the workbooks. Which of the following storage media is the best choice for Perry and his team if they decide that they will not need to share their workbooks across the team and they will not need to transport their projects to other locations?

• A)hard drive
• B)USB flash drive
• C)CD
• D)online storage

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Definitions:

Efficiency Wages

Wages set by employers above the market equilibrium to increase productivity and reduce employee turnover.

Natural Rate

Refers often to the natural rate of unemployment where the economy is in equilibrium, or the natural rate of interest that corresponds to the equilibrium in the loanable funds market.

Structural Unemployment

Unemployment that stems from changes in industrial structures, primarily driven by technological progress, rather than by shifts in supply or demand levels.

Frictional Unemployment

Frictional unemployment is a form of temporary unemployment that occurs when workers are transitioning between jobs, often due to personal choices or changing economic conditions.