Answer:
It means that the marginal cost of going to the movies is less than the marginal benefit of going to the movies.
Explanation:
If the student chooses to go to the movies, it means that he thinks he has less to lose when he foregoes studying for a test. Even though logically it may appear that the latter would be a better option, according to him, the 2 or so hours at the movies would provide an extra value like if he went with a family member who he cares about. That probably beats the cost of staying up late to revise for the test.
Structural unemployment is aggravated and reduced by technology depending on the sector and advancements coming with it.
Explanation:
Technology has been responsible for the increase and decrease in structure unemployment which in simple terms means technology has given and taken people's jobs.
This is because technology changes an industry fundamentally. The people who are replaced by self serve robots loose their jobs but many gain the jobs of handling the new installed equipment like this in companies.
This leads to the point of technological unemployment which means that some people remain unemployed because they do not have certain technical knowledge which is unfortunate for many from lower classes.
Answer:
b) False
Explanation:
The supply curve is upward sloping which shows the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
I hope my answer helps you
