The steel industry benefitted the most from the Bessemer Process.
The Bessemer Process is an industrial process that was the first inexpensive option in mass steel production. This process was named after Henry Bessemer, who took out a patent in 1856.
Explanation:
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Answer:
The correct answer is letter "A": With the longer duration of unemployment benefits, firms needed to keep wages high to attract people to work. This caused downward wage rigidity, leading to persistent higher unemployment.
Explanation:
The Great Recession (2007-2009) is the period in U.S. economics when it suffered a high-scale dwindle as a result of the collapse in the real estate market and the subprime mortgage crisis. The financial sector collapsed as well forcing some banks to declare bankruptcy.
In this context, long-lasting unemployment benefits were provided such us <em>downward wage rigidity</em>, which implied employers were unable to reduce the salaries in dollar terms. By doing that, having low to none income, in order to meet their income objectives, major organizations had to lay off employees directly causing the rate of unemployment increase.
Fundamental attribution error is the tendency to link an actions to someone's character or personality because of their behavior to external situational factors outside of their control.
The assessment of individuals on certain event does varies because of their tendency to link various actions to the scenario.
A very good example of Fundamental attribution error is when an observer assumes that parents who provided poor models of social responsibility does contributes to unemployment of people.
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