Workers Whose Skills Become Obsolete as a Result of Technological

question 211

Multiple Choice

Workers whose skills become obsolete as a result of technological change are often paid a lower wage as a result of

• A)natural ability.
• B)geographic location of employment.
• C)chance.
• D)work effort.

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Definitions:

Resources

Inputs used in the production of goods and services, including labor, capital, and natural resources.

Exchange Rate

How much one currency is worth in terms of another during exchange.

Euros

The official currency of 19 of the 27 European Union countries, known as the Eurozone.

Corn Laws

A series of laws in the 19th century Britain that imposed restrictions and tariffs on imported grain to protect domestic grain producers.