Explain the Primary Source of Recent Cuts to the Number

question 59

Multiple Choice

Explain the primary source of recent cuts to the number and pay of American blue-collar manufacturing jobs.

• A)Many such jobs have been outsourced to East Asia, where production costs are low.
• B)American manufacturing jobs wax and wane with bubbles in the financial industry.
• C)Blue-collar workers have traditionally depended on manufacturing industries, now in decline due to technological innovations.
• D)More and more jobs are rendered obsolete with increases in computerized and robotic manufacturing.

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Definitions:

Fixed Costs

Expenses that do not change in total regardless of the level of production or sales activity, such as rent or salaries.

Variable Costs

Costs that vary directly with the level of production or sales volume.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs.