Why Does Economic Growth Require Job Destruction

question 55

Multiple Choice

Why does economic growth require job destruction?

• A) Economic growth requires international trade, which has been proven to cause short-term job loss.
• B) Economic growth comes from creating and producing goods that use resources more productively, causing job loss in industries that use outdated technology.
• C) Excessive job creation can destroy economic growth.
• D) When economic growth occurs, there are not enough resources left over for worker retraining and re-education programs.

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Definitions:

Employment Discrimination

Unfair or biased treatment of employees or job applicants based on race, gender, age, religion, disability, or other protected characteristics.

Job Assignment

The allocation or distribution of work tasks or responsibilities to employees or team members.

Psychological Denial

A defense mechanism in which an individual refuses to accept reality or facts, thereby avoiding dealing with painful feelings or events.

Competitive Challenges

Involve the difficulties and obstacles companies face while trying to gain a competitive edge and outperform their rivals in the market.