If an Economy Is Fully Utilizing Its Resources, It Can

question 131

Multiple Choice

If an economy is fully utilizing its resources, it can produce more of one product only if it

• A) doubles manufacturing of the product.
• B) produces less of another product.
• C) adds more people to the labor force.
• D) reduces the price of the most expensive products.

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Definitions:

Labour Market Shelters

Special provisions or environments in the job market that protect certain groups of workers, often based on industry, unionization, or legislation.

Part-time Workers

Individuals who work fewer hours than the full-time threshold, often resulting in reduced benefits and job security compared to full-time employment.

Deskilling Thesis

The argument that technology and organizational changes reduce the need for skilled labor.

Harry Braverman

A Marxist labor process theorist best known for his work on the degradation of work in the twentieth century, particularly in his book "Labor and Monopoly Capital."