An Increase in the Demand for Autoworkers May Come About

question 282

Multiple Choice

An increase in the demand for autoworkers may come about because of:

• A) a decrease in the price of cars.
• B) a decrease in the productivity of autoworkers.
• C) a decrease in the supply of other factors that autoworkers use in production.
• D) an increase in the price of cars.

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Definitions:

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and production technology.

International Trade

The swapping of commodities and services among different nations.

Unskilled Workers

Individuals who lack specialized skills, training, or qualifications for particular jobs or industries.

Imports

Goods and services purchased from other countries.