What are three examples of occupations that are expected to experience a rapid decline in employment from 2010-2020? Why are these occupations likely to experience this decline?
What will be an ideal response?
Examples include: (1) shoe machine operators; (2) postal service mail sorters; (3) postal service clerks; (4) fabric/apparel pattern makers; (5) postmasters/mail superintendents; (6) sewing machine operators; (7) switchboard operators; (8) textile cutting machine operators; (9) textile knitting/weaving machine operators; (10) and semiconductor processors. Many of these jobs are in declining or stagnant industries due to “labor-saving” technological change; for example, automated or computerized equipment has reduced the need for file clerks and a variety of machine operators. The U.S. demand for textiles and apparel is increasingly being filled by imported goods, which affects domestic employment in that industry. Postal service workers are less in demand because of greater use of the Internet to send e-mail that replaces the use of regular mail.
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Which of the following shifts the demand curve for hot dogs leftward?
A) an increase in the price of a hot dog bun B) a decrease in the price of a hot dog bun C) an increase in the price of a hot dog D) an increase in the price of a hamburger
As suppliers and potential suppliers of exhaustible resources continually calculate whether to extract now or in future, and how much to extract, an equilibrium arises when:
a. the cost of extracting such resources is equal to its price. b. the rate of return for such resources equals the rate of interest on alternative uses of the funds. c. the cost of extracting such resources is equal to the price of the commodity using these resources. d. the price of such resources is equal to the rate of interest of bank accounts and other interest-bearing investments. e. the rate of return on alternative investments is equal to the cost of extracting such resources.