Advancements in Technology in the U.S.have Resulted In

question 131

Multiple Choice

Advancements in technology in the U.S.have resulted in:

• A)less U.S.imports.
• B)an increase in demand for high-skilled workers.
• C)less U.S.exports.
• D)an increase in demand for low-skilled workers.

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Definitions:

Variable Costs

Costs that change in proportion to the level of production or activity, such as materials and labor.

Sales

The transactions involving the exchange of goods or services for money.

Contribution Margin Ratio

A financial metric that measures how much of a company's revenue is left over after variable costs to cover fixed costs and generate profit.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance premiums.