Suppose That Consumers Decide to Walk to Work More Frequently

question 16

Multiple Choice

Suppose that consumers decide to walk to work more frequently and drive cars less.Companies that make walking shoes hire workers,while automobile companies lay off workers.This is an example of

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

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Definitions:

Immediate Benefit

The direct and prompt advantage gained from a particular action or decision.

Autoplastic Solutions

Coping strategies in which an individual attempts to change themselves to adapt to or deal with their environment or situations.

Alloplastic Solutions

Strategies that involve changing the environment to better suit an individual's needs or cope with stress.

Locus of Control

A psychological concept referring to the extent to which individuals believe they have control over the events in their lives, as opposed to external forces or chance.