Suppose That Consumers Decide to Buy More Computers and Fewer

question 185

Multiple Choice

Suppose that consumers decide to buy more computers and fewer typewriters. As a result, computer companies expand production while typewriter companies lay off workers. What is this an example of?

• A)structural unemployment created by efficiency wages
• B)cyclical unemployment created by a recession
• C)frictional unemployment created by a sectoral shift in demand
• D)frictional unemployment created by a sectoral shift in supply

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Definitions:

Phased Retirement

A work arrangement that allows employees to reduce their working hours or workload as they transition to retirement.

Reducing Hours

The process of decreasing the number of hours worked, typically in the context of employment or operation.

Complex Work

Tasks or projects that involve multiple steps, require critical thinking and problem-solving skills, and often demand creativity and adaptability.

Flexible Thinkers

Individuals who can adapt their thinking to new situations and challenges, considering multiple perspectives and solutions.