The Labourers Displaced Due to Assembly-Line Automation May Not Have

question 52

Multiple Choice

The labourers displaced due to assembly-line automation may not have the skills needed to operate the computerized machines that replaced them. This is an example of which type of unemployment?

• A) cyclical
• B) operational
• C) frictional
• D) structural

Identify the principles of moral hazard and adverse selection in insurance markets.

Understand diversification and how it reduces risk in investment portfolios.

Learn the effects of interest rates on the present value of future payments.

Understand the role of the efficient markets hypothesis in valuing assets.

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Definitions:

Social Groups

Collections of people who interact with each other and share similar characteristics or a sense of unity.

Evaluation Apprehension Model

The argument that the physical presence of members of the same species causes drive because people have learnt to be apprehensive about being evaluated.

Mere Presence

The concept that the simple presence of others can influence an individual's behavior, without any direct interaction.

Individualists

People who prioritize their own goals and well-being over the goals and well-being of the group.