Answer: The three main types of unemployment are cyclical, frictional and structural unemployment. B
Explanation:
B. Cyclical and frictional are both related as they tend to cause more hardship because of its severity.
Answer:
The correct answer is letter "C": safety needs.
Explanation:
American psychologist Abraham Maslow (1908-1970) proposed the Hierarchy of Needs often portrayed as a pyramid with five layers each one representing a need. According to Maslow, individuals cannot look for the satisfaction of other needs as long as the most basic needs are fulfilled first. Those needs are <em>physiological needs, safety needs, love </em>and <em>belonging, esteem, self-actualization.
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<em>On the second layer, we find the </em>safety needs<em> related to the satisfaction of personal security, employment, resources, health, and property needs. Thus, people's paychecks represent safety needs in Maslow's Hierarchy of needs.</em>
Answer:
The key economic idea being exemplified is c) People are rational
Explanation:
The economists’ assumption is that firms and consumers utilize all available information to attain their goals and weigh all costs and benefits of each action taken. Moreover, firms and consumers only choose an action if the benefits exceeds the costs. Therefore, the action of manufacturing firms to move their operations from overseas back to the US due to the increased preference for US manufactured goods exemplifies that consumers and firms rely on all available information when pursuing their goals.
Answer choices b and c could possibly be correct
