You Have Just Learned About a New Company Coming to Your

question 12

Multiple Choice

You have just learned about a new company coming to your town.You get excited about possible new job opportunities,but the company never advertises for employees.You research the company and learn that they do most of their manufacturing using computers and not humans.How do you explain to others what a computer-aided manufacturing (CAM) company is?

• A) They are able to streamline production and ship quickly.
• B) They use robots to perform work that is too dangerous.
• C) They are unable to customize products.
• D) They have workers for the monotonous jobs.

---

Definitions:

Purchasing Power Parity

An economic theory and a method to compare the relative value of currencies, based on the cost of a standard set of goods and services in different countries.

Per Capita Income

The average income earned per person in a given area in a specified year.

Gini Coefficient

A measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents, with 0 expressing perfect equality and 1 expressing maximal inequality.

Spending Power

Spending power, also known as purchasing power, is the ability of an individual or group to buy goods and services, often influenced by income levels and economic conditions.