Which of the Following Was True of the U

question 183

Multiple Choice

Which of the following was true of the U.S. job market between 1929 and 2011?

• A) The number of jobs created in the organized sector was less than that in the unorganized sector.
• B) The number of employed people increased by less than five percent.
• C) The average education of workers increased over the years.
• D) The productivity of workers declined over the years.
• E) The growth in employment opportunities was slower compared to the growth in population.

Understand the steps to create, modify, and manage custom slide shows for targeted audiences.

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Gain proficiency in using advanced presentation tools, such as Presenter view, to enhance delivery.

Understand how to automate repetitive actions in PowerPoint using macros.

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Definitions:

External Economies of Scale

Cost advantages that a firm obtains due to the expansion of the industry in which it operates, but not due to its own expansion.

Industry Size

A measure of the total production or the total number of participants in a particular industry or market.

Short-Run Losses

Temporary financial deficits that a firm may face due to operating costs exceeding total revenue in the short term.

Zero Economic Profit

A situation where a firm's total revenue is exactly equal to its total costs, including both explicit and implicit costs.