Why might a favorable change in the economy, such as technological improvement or a decrease in the price of imported oil, be associated with an increase in frictional unemployment?
Even generally favorable changes will usually involve some sort of sectoral shock that changes the demand for labor among different firms. For example, a decrease in the price of imported oil would likely reduce the demand for U.S. oil workers and increase the demand for automobile workers. Similarly, technological progress makes some industries decline and others advance, creating frictional unemployment.
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Which of the following is correct regarding a company's legal entity type and the tax form it must file with the IRS?
A) Sole Proprietor - Form 1065 B) Partnership - Form 1120 C) C Corporation - Form 1120S D) Sole Proprietor - Form 1040 Schedule C