Examlex
Which of the following is correct with regard to knowledge workers?
They add value to an organization because of their connections to technical workers in other firms.
They tend to work for traditional manufacturing firms.
The need for knowledge workers is gradually declining as the general education level of the workforce increases.
Training updates are important for knowledge workers so that their skills do not become obsolete.
All of these are correct.
Government Provision
The supply of goods or services provided by the government to its citizens, often funded by taxation.
Economic Goods
Products or services that have a positive economic value and thus are subject to scarcity, requiring consumers to make choices about their allocation.
Taxes
Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.
Economic Efficiency
A situation where resources are utilized in such a manner that maximizes the satisfaction of needs and wants with minimal waste or inefficiency.
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