Question
1. Frozen foods account for a much larger share of all grocery sales now than they did fifty years ago. Frozen foods industry analysts say
1. Frozen foods account for a much larger share of all grocery sales now than they did fifty years ago. Frozen foods industry analysts say the increase is due to great improvements in the taste of frozen foods over these fifty years. Use the Economic Way of Thinking to come up with another explanation for the large increase in frozen food sales over the past fifty years.
2. As the US economy recovered from the effects of the COVID-19 pandemic during the Spring and Summer of 2021, many employers (particularly in retail and fast-food businesses) complained that they couldn't find enough workers. Indeed, some restaurants in this County shut down temporarily because they didn't have enough staff to remain open.
a. To help those who were struggling financially, Congress passed legislation increasing by $600 per week the unemployment benefits paid to those who had lost their jobs during the pandemic. Many politicians and employers argued that these expanded unemployment benefits were the reason why businesses had a hard time finding employees. Explain how increased unemployment benefits might have made it more difficult for businesses to find workers.
b. Explain what businesses could to be able to find more people willing to work.
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