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Explain the trickle down theory
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- Which of the following people is most likely to be structurally unemployed? A. Brandon left his job as a short order cook and New Jersey to join as a short order cook in Madrid, New Mexico. He was unemployed for six weeks during the transition. B. Mildred quit her job after giving birth to a child. C. Clem, a skilled course at maker, lost his job when his factory shutdown due to a permanent reduction in the demand for corset. D. Leonard, A ski resort manager was unemployed during summer due to a lack of tourists. E. Danielle lost her job when the electronics assembly plant was shut down temporarily due to low product sales in a slump economy.Galaxy, a multinational corporation, has two plants, one in the United States and the other inMexico, and it cannot change the size of the plants or the amount of capital equipment in theshort run. The wage in Mexico is equivalent to US $5 per hour. The wage in the U.S. is $25 perhour. Given current employment situation, the productivity per worker in Mexico is 200 units perhour, and the productivity per worker in the U.S. is 400 units per hour.Is Galaxy maximizing output relative to its labor cost? If not, what should Galaxy doExplain economic restructuring?
