Question

apply what you know
lo1-1 1. explain how data mining is both beneficial and potentially harmful.
lo1-2 2. how do upgrading and retraining help you cope with change?
lo2-1 3. how does the economy (demand by consumers) affect jobs that are created or eliminated?
lo2-1 4. how does technology affect careers and income?
lo2-1 5. name some jobs in the professional sector that are directly related to technology.
lo2-2 6. name someone who would be a good reference to list on your resume or who would write a reference letter for you. explain your choice.
lo2-2 7. why is it important to do company research prior to a job interview?
lo2-2 8. why would you do follow-up after a job interview? what might it involve?
lo3-1 9. how does a self-analysis help you with career planning?
lo3-1 10. what types of goals are needed to help direct your efforts in career planning? give examples of each type of goal.
lo3-1 11. explain how experience and education enhance your ability to get promotions and better job opportunities.
lo3-1 12. list the four major steps in career planning. what are you doing to prepare for a career?
lo3-1 13. why would a person choose to start a side business rather than a venture business?
lo3-1 14. how would you know if being self-employed is right for you?

Explanation:

Since there are multiple sub - questions here, we'll answer one of them. Let's choose question 3: "How does the economy (demand by consumers) affect jobs that are created or eliminated?"

When consumer demand for a good or service increases, businesses producing or providing that good/service need to expand production or service provision. To do this, they hire more workers, thus creating jobs. For example, if there's a high demand for smartphones, smartphone manufacturers will hire more assembly line workers, engineers, etc. Conversely, when consumer demand for a good or service decreases, businesses may cut back on production or service. This can lead to layoffs as the business no longer needs as many employees, eliminating jobs. For instance, if demand for DVD players drops due to the rise of streaming services, companies making DVD players may lay off workers.

Answer:

When consumer demand rises for a product/service, businesses expand, creating jobs (e.g., high smartphone demand creates tech jobs). When demand falls, businesses contract, eliminating jobs (e.g., low DVD player demand eliminates related jobs).