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:

Denominated

To specify the currency in which a financial transaction or instrument is expressed or required to be settled.

Exchange Rate

The price of one country's currency expressed in the currency of another country.

Subsequent Measurement

The re-evaluation of an asset or liability's carrying amount at each reporting date after its initial recognition, considering factors such as depreciation or amortization.