Given the Continuing Decline in Manufacturing's Share of Total Employment

question 52

Multiple Choice

Given the continuing decline in manufacturing's share of total employment in Canada and other developed economies, which of the following provides a possible explanation that this phenomenon is a genuine problem?

• A) Productivity increases in the service sector are likely underestimated.
• B) Many service jobs are low- wage, part- time, jobs, and many are without benefits.
• C) The decline is partly due to increasing productivity in that sector.
• D) Real disposable income has continued to rise.
• E) Consumers have an increased demand for services as real income increases.

Understand the risks associated with exchange rate fluctuations, including short-run, long-run, and translation exposure.

Learn the strategies for managing exchange rate risks, including the use of forward rates and financial remittances.

Distinguish between the relative and absolute versions of purchasing power parity.

Identify the conditions necessary for absolute purchasing power parity to exist.

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Definitions:

Frequency

The frequency of a periodic event happening within a specified time interval.

Decibels

A unit of measurement for sound intensity, often used to describe the loudness of noises and sounds in the environment.

Hertz

A unit of frequency in the International System of Units (SI), indicating the number of cycles per second.

Aperiodic Tones

Sounds that lack a regular repeat pattern in their waveforms, contributing to the complexity of auditory perception.