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QUESTION 21 Technological advancements have led to the automation of many manufacturing processes, resulting in job losses for factory workers. Which type of unemployment does this situation illustrate? A. Frictional unemployment B. Cyclical unemployment C. Seasonal unemployment D. Structural unemployment QUESTION 22 In a manufacturing plant, additional workers are hired to increase production output. However, as more workers are added beyond a certain point, the increase in output per additional worker declines. What economic concept does this scenario best illustrate? A. Economies of scale B. Comparative advantage C. Diminishing returns to labour D. Price elasticity of demand QUESTION 23 Which of the following is an example of a pro-growth argument? A. Implementing strict environmental regulations to protect natural resources B. Advocating for higher taxes on corporations to redistribute wealth C. Enforcing price controls to prevent inflationary pressures D. Investing in infrastructure projects to stimulate economic development

          QUESTION 21
Technological advancements have led to the automation of many manufacturing processes, resulting in job losses for factory workers. Which type of unemployment does this situation illustrate?
A. Frictional unemployment
B. Cyclical unemployment
C. Seasonal unemployment
D. Structural unemployment

QUESTION 22
In a manufacturing plant, additional workers are hired to increase production output. However, as more workers are added beyond a certain point, the increase in output per additional worker declines. What economic concept does this scenario best illustrate?
A. Economies of scale
B. Comparative advantage
C. Diminishing returns to labour
D. Price elasticity of demand

QUESTION 23
Which of the following is an example of a pro-growth argument?
A. Implementing strict environmental regulations to protect natural resources
B. Advocating for higher taxes on corporations to redistribute wealth
C. Enforcing price controls to prevent inflationary pressures
D. Investing in infrastructure projects to stimulate economic development

Added by Sabelo H.

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