An Economic Change That Has Altered Occupational Patterns in the United

question 6

Multiple Choice

An economic change that has altered occupational patterns in the United States is __________.

• A) There has been a job shift towards telecommunications
• B) New jobs created in healthcare are decreasing
• C) Agricultural employment is increasing
• D) Employee numbers in all areas are increasing

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Definitions:

Human Capital Theory

An economic theory which posits that investing in education and training enhances the productivity and efficiency of individuals, hence contributing to a country's economic development.

Firm-specific Human Capital

The unique skills, knowledge, and experiences that employees develop in a particular company, which are valuable to that company but not easily transferable to other firms.

Financial Returns

Financial returns are the profits or losses generated from an investment over a specific period, expressed as a percentage of the original investment.

Mentorship

A professional relationship in which an experienced person assists another in developing specific skills and knowledge that will enhance the less experienced person's professional and personal growth.