Labor with a Particular Skill Level and Training Is Used

question 158

Multiple Choice

Labor with a particular skill level and training is used in only two industries: grape cultivation and cranberry cultivation.Which of the following is likely to cause an increase in the demand for this type of labor?

• A)improved technology that leads to more efficient machines for grape picking
• B)publication of a report asserting that drinking two glasses of grape or cranberry juice every day improves digestion and heart health
• C)a report by the USDA that an increasing proportion of imported grapes are contaminated with unacceptable pesticides
• D)a decrease in the amount of land used for growing cranberries

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Definitions:

Investment Opportunity

An option for investing capital with the expectation of achieving a return, often evaluated based on potential risks and rewards.

Return On Investment

A financial ratio measuring the profit earned on an investment relative to its cost, indicating the efficiency of the investment.

Turnover

The rate at which inventory or assets are replaced through sales or use within a given period.

Net Operating Income

A company’s income after operating expenses are subtracted, but before income taxes and interest are calculated.