Which of the Following Will Decrease the Demand for Fast-Food

question 4

Multiple Choice

Which of the following will decrease the demand for fast-food burger workers' labor?

• A) More people start working two jobs and eat more fast food.
• B) The price of pizza, a substitute for burgers, decreases.
• C) A new technology allows burgers to be produced faster.
• D) Workers get additional training that increases productivity.

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Definitions:

World Price

The international market price of a good or service, determined by global supply and demand, that influences local market prices and trade policies.

Export

The process of selling goods or services produced in one country to other countries.

Absolute Advantage

A situation where a country or individual can produce more of a good or service with the same amount of resources than others.

Competitive

A market situation where multiple firms or entities vie for the same customers or market share.