Answer:
A. Frictional Unemployment
B. Structural Unemployment
C. Cyclical Unemployment
Explanation:
A. Frictional Unemployment refers to people moving between jobs which is the case for the first scenario
B. Structural Unemployment is a type of unemployment when structure of the economy changes and outsourcing also comes under this
C. Cyclical Unemployment is caused by the movements of business cycle people are laid off when economy is facing recession i.e decrease in investment.
Answer:
Total Taxable income $ 32,615
Explanation:
Gross salary $ 41,595
Adjustments (subtractions) to income $ 7,000
Standard deduction $ 12,000
<u>Itemized deductions $ 14,350</u>
<u>Itemized Deductions are considered because they are higher than standard deductions.</u>
Taxable income $ 20,245
Add business income $ 12,000
Interest earnings $ 255
Dividend income $ 115
Total Taxable income $ 32,615
Answer:
whether I should buy 1killo of orange or 2killo banana
Answer:
b.) While some job loss may occur as a result of automation, the potential for job creation exists
Explanation:
Automation is the process by which a the production process that is usually managed by people becomes mechanised.
The control and monitoring functions that people usually do is now transferred to automatic devices.
While this will cause some job loss as a result of lack of skill to operate the new machines, it will also result in an avenue for fresh employment.
Employees can acquire the required skill to operate the machines that are now used in the production process.
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