Consumers Decide to Buy More Computers and Fewer Typewriters

question 418

Multiple Choice

Consumers decide to buy more computers and fewer typewriters.As a result,computer companies expand production while typewriter companies lay-off workers.This is an example of

• A) frictional unemployment created by efficiency wages.
• B) frictional unemployment created by sectoral shifts.
• C) structural unemployment created by efficiency wages.
• D) structural unemployment created by sectoral shifts.

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Definitions:

Legal Orders

Official directives issued by a court or a regulatory body that must be followed by the individuals or entities to whom they are directed.

Work-Site

Refers to the physical location where employees perform their job duties.

Flexible Policies

Guidelines or procedures designed to adapt to changing circumstances or to accommodate various needs.

Release of Information

The process of providing access to or transferring data to a person or entity legally authorized to receive it, often used in the context of healthcare or legal records.