The Information Revolution Changed the Nature of Work and the Economy

question 31

Multiple Choice

The Information Revolution changed the nature of work and the economy because it has

• A) slowed down the process of globalization.
• B) made it less likely that individuals will be able to work from home.
• C) shifted the economy toward the production of knowledge and services.
• D) made companies more likely to manufacture and sell goods within a single nation.

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Definitions:

Rate Structure

The system or scheme of pricing established for services and goods, including the way different charges or tariffs are applied.

Cigarette Supply

The total quantity of cigarettes that producers are willing and able to sell at a given price over a specific period.

Market Violence

Acts of physical force or coercion that disrupt or seek to disrupt market operations, often associated with strikes, protests, or competitive strife.