What Is the Key Feature of Postindustrial Societies as It

question 53

Multiple Choice

What is the key feature of postindustrial societies as it relates to the work force?

• A) The production of durable goods such as automobiles, refrigerators, and washing machines is the emphasis.
• B) High-efficiency production of food and fiber products is most prevalent.
• C) The transmission and use of information services dominates the work force.
• D) Leisure time activities are the primary product of the society.

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Definitions:

User Cost

The opportunity cost of using a good, service, or resource, including the cost of foregoing the next best alternative use.

Extraction Cost Curve

Illustrates the relationship between the quantity of a resource extracted and the cost of extraction, typically showing increasing costs as more of the resource is extracted.

Marginal Extraction Costs

The additional costs incurred for extracting one more unit of a resource, which may increase as the resource becomes scarcer.

Resource

Assets, materials, or substances that provide economic value or benefit to individuals or businesses.