There was a recession and the construction industry has been
badly affected. As a result, Henry lost his job as a construction
worker. He will be considered as part of:
structural unemployment
cyclical unemployment
seasonal unemployment
frictional unemployment
When the economy is at full employment, it means:
no one is unemployed.
there is no cyclical unemployment.
there is cyclical or frictional unemployment.
there is no structural or frictional unemployment.
When more labor is unemployed than the amount at the natural...
1. Can you give an example of a firm that benefited from being a “first mover” in their industry? ... (Briefly explain)
2. How about an example of a firm that was a "late-mover" (or perhaps even better, a "fast-follower"?) ... (Briefly explain)
3. What is an example of a product or industry in the growth stage of its life cycle? How long do you think the growth stage will last?
The aviation industry is one of the sectors that has been
affected most by the COVID-19 pandemic. To survive, a large number
of airlines are compelled to increase their level of gearing.
Explain what it means if a company's gearing is increased and
point out the advantages and disadvantages of a higher level of
gearing for an airline company in the current situation.
Give an example of a firm or industry that has exhibited
dramatic technological progress in the recent past. Was this
technological progress an example of neutral technical change or
was it capital saving or labor saving technical change?
Give an example of a firm or industry that has exhibited
dramatic technological progress in the recent past. Was this
technological progress an example of neutral technical change or
was it a capital saving or labor saving technical change?
How would you describe the change brought about by retail sales
over the Internet? Think about Amazon as an example. Is this a case
of process or organizational innovation? Explain your reasoning
please list a source
Give an example of a firm that is significantly vertically
integrated. How about one that is very disintegrated and reliant on
outsourcing? A specific characteristics of these firms or
industries that you think that can explain these patterns?