As the Banking Industry Becomes More and More Automated,tellers Find

question 42

Multiple Choice

As the banking industry becomes more and more automated,tellers find themselves with unneeded skills and some of them become unemployed.At the same time,software engineers are in increasing demand.These unemployed tellers would be classified as

• A)cyclically unemployed.
• B)frictionally unemployed.
• C)naturally unemployed.
• D)structurally unemployed.
• E)underemployed.

Distinguish between movements along the demand or supply curve versus shifts in these curves.

Explain the economic reasoning for specific market actions, such as pricing strategies or responses to market changes.

Understand the definition and characteristics of inferior goods.

Identify examples of complementary goods.

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Definitions:

Commission

A fee paid for services, usually a percentage of the total cost, to an agent or employee for facilitating a sale or other transaction.

Commission-only Basis

A compensation structure where earnings are solely made from commissions without a base salary.

Monthly Sales

The total revenue generated from sales activities within a specific month, often used to measure business performance.

Independent Television Stations

TV stations that operate without the affiliation of major broadcast networks, often providing non-mainstream and local content.