Which of the Following Is Not True of Declining Industries

question 48

Multiple Choice

Which of the following is not true of declining industries?

• A)Job loss is not a problem in a declining industry because the workers can easily find jobs in expanding industries.
• B)Jobs may be lost by declining industries but new jobs are created in expanding industries.
• C)Over 60 million new jobs have been created in the United States since 1960.
• D)One way to solve the problems posed by declining industries is for the government to fund programs to retrain workers for jobs that are in greater demand.
• E)One way to solve the problems posed by declining industries is for the government to offer wage subsidies or special tax breaks that decline over time.

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Definitions:

Enforceable

A term describing a contract or legal obligation that is legally binding and can be upheld in court.

Junk Bonds

High-risk, high-yield bonds issued by companies considered to be at greater risk of default.

Government Bonds

Debt securities issued by a government to finance its borrowing requirements, offering a fixed or variable interest rate payable to holders.

Dividends

Payments made by a corporation to its shareholder members from its profits or reserves.