The answer is C.) Technical
Answer:
Number of loads and distance the load move between the work centers.
Explanation:
A process oriented layout is a method employed by manufacturing companies. It is utilized by companies that manufacture their products in large quantities.
This method is use to organise the work stations on the basis of the different activities carried out by the workers in each station.
The advantages of process oriented layout method include:
- It does not involve a high rate of investment.
- It allows for proper supervision of workers.
- There is room for continous production.
- The equipments in the production process are fully utilized.
The natural rate of unemployment is is the unemployment rate accompanying the economy's maximum sustainable rate of output. Thus the correct option is D.
<h3>What is unemployment?</h3>
Unemployment refers to a condition when there is no availability of job opportunities in the market when a person is willing to or has enough qualifications for the job.
It predicts that it will not be able to boost output above the level of natural output and that the unemployment rate cannot be lowered below the level of natural unemployment.
Therefore, option D is appropriate.
Learn more about unemployment, here:
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Answer:
B) the substitution of domestic steel for foreign steel absorbs resources that would otherwise produce goods of greater value
Explanation:
This type of policy is really controversial since politicians like to announce public policies that may help their constituents on the short run, but will eventually end up damaging them and the whole country on the long run.
A clear example is coal mining. Coal mining was praised during the last election and even though some new jobs have been created in that industry, the overall effect in the country is extremely negative and offsets any positive outcome. Coal mining results in heavy pollution and it is also not economically profitable. The resources invested in coal mines could generate much higher benefits for everyone, investors, workers and the government if they were used to finance some other activity.
Currently the government has limited the imports on foreign steel and the domestic production hasn't been able to increase enough to cover the manufacturing needs of American companies and it resulted in higher steel prices and an increase in manufacturing costs.
Market rules apply to everyone and every country. Sometimes it is not possible to produce certain goods at a competitive price no matter how hard we try and the country's well being is negatively affected. Much better results can be obtained by focusing on certain industries where American businesses really excel instead of always trying to favor inefficient industries that have a high lobby power.
