How does unemployment affect economic stability?
What will be an ideal response?
Answer: Unemployment is the level of joblessness among people actively seeking work in an economic system. When unemployment is low, there is a shortage of labor available for businesses to hire. As businesses compete with one another for the available supply of labor, they raise the wages they are willing to pay. Higher labor costs eat into profit margins, they raise the prices of their products. Although consumers have more money to inject into the economy, this increase is soon undone by higher prices, so purchasing power declines.
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Explain Kantianism.
What will be an ideal response?
The approach to conflict resolution that emphasizes both assertiveness (advocating one’s position) and cooperativeness (concern for the other side’s position) is called:
a. Collaboration b. Confrontation c. Avoidance d. Accommodation
A drawback of communism, which was adopted by some countries in the 1900s, was the inability of people to make basic choices such as where to work or what to buy.
Answer the following statement true (T) or false (F)
Original jurisdiction means power to:
a. revise or correct proceedings by a lower court b. accept a lawsuit, try it, and pass judgment c. remove a lawsuit from a court to arbitration d. appoint special prosecutors to investigate a case of alleged abuse e. legally create disputes