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mixas84 [53]
3 years ago
7

John worked in a manufacturing job building car engines. Over time, this work was increasingly performed by machines, and manufa

cturing jobs became scarcer and paid less. John and his family were once comfortably middle class, but technology changed his job and his factory was shut down. What kind of mobility did John experience?
Business
1 answer:
Neko [114]3 years ago
7 0

Answer: Structural Mobiility

Explanation:

Structural Mobiility can be described as changes that enable a whole group of people to either move up or down the economic class ladder.

Structural mobility is attributed to the changes in society or company as a whole, not just personal changes.

The changes done in John's illustration is a social change where a job that can be performed by humans are now performed by robots.

This change negatively affected John and his manufacturing company thereby bringing down John in the economic ladder as he moved down from the Middle class to a lower social class.

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The theory of ______ states that the prices of tradable goods, when expressed in a common currency, will tend to equalize across
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<em>Hope this helped! :)</em>
3 0
3 years ago
Orange Co. is a manufacturer and Pineapple Company is a merchandiser. What is the difference in the budgets the two entities wil
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Answer:

Orange Co.'s budget will include the cost of production, which is made up of raw materials, direct labor, and manufacturing overhead.  The above cost of production and the accompanying items will not be found in the budget of Pineapple Company.  The latter's budget will focus on purchase of goods for sale (instead of raw materials) and inventories of finished goods (instead of raw materials and work in process).  Orange Co. determines its product cost per unit from the cost of production divided by the quantity produced.  Pineapple Company's product cost is based on the purchase price of goods, which includes the manufacturer's profit.

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8 0
3 years ago
As he explores his options, Sergio notices that some opportunities appear to be riskier than others. When considering various op
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8 0
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Answer:

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