Which of the Following Is True of the Jobs Created

question 24

Multiple Choice

Which of the following is true of the jobs created in the 1980s and 1990s?

• A)Most of the jobs created were manufacturing jobs.
• B)The quality of jobs created was lower than the quality of jobs lost due to automation and outsourcing.
• C)Health-care coverage for workers in the bottom quintile rose dramatically.
• D)The quantity of new jobs decreased.

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Definitions:

Productive Efficiency

Productive efficiency occurs when an economy or entity produces goods and services at the lowest possible cost, utilizing all available resources without waste.

MB = MC

The principle that optimal decision-making is achieved when the marginal benefit equals the marginal cost.

Unintended Consequences

Outcomes of a policy or action that were not foreseen or intended, often contrary to the original objectives.

Allocating Resources

The process of distributing available resources among various competing needs or projects in an efficient manner.