Suppose That Consumers Choose to Smoke Less and Chew Gum

question 459

Multiple Choice

Suppose that consumers choose to smoke less and chew gum more. Tobacco companies cut back on the number of people they employ while chewing gum manufacturers employ more. This is an example of

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

Understand the concept of at-will employment and its exceptions within the context of U.S. labor law.

Recognize the legal requirements for accommodations under the Americans with Disabilities Act.

Acknowledge the importance of union representation in the historical and current context of the U.S. labor market.

Analyze the legal standards related to sexual harassment in the workplace.

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Definitions:

Consumes

The action of using up a good or service, typically resulting in a decrease in available quantity.

Consumption

The use of goods and services by households. It is an important component of GDP and a direct indicator of consumer spending behavior.

Income

Earnings received by a person or entity, typically through work, investments, or business ventures.

Interest Rate

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal.