In This Paper, Thomson Changes the Point of View in the Trolley

question 10

True/False

In this paper, Thomson changes the point of view in the trolley case so that we imagine ourselves as a bystander instead of as the trolley driver.

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Definitions:

Frictional Unemployment

This refers to unemployment that occurs when people are between jobs or are entering the workforce for the first time.

Labor Supplied Exceeding

A situation where the quantity of labor offered by workers surpasses the quantity demanded by employers.

Long-run Unemployment

Unemployment that persists in an economy for an extended period, often due to fundamental shifts in the economy or structural changes in the labor market.

Labor Markets

Markets where labor is traded, involving the hire and utilization of workers, affected by factors like wages, demand, and supply.