Among the Jobs That Represent the Bulk of the Growth

question 81

Multiple Choice

Among the jobs that represent the bulk of the growth in the service industries is that of

• A) maintenance technician.
• B) factory worker.
• C) retail salesperson.
• D) skilled laborer.
• E) IT specialist.

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Definitions:

Corrective Taxes

Taxes designed to encourage or discourage certain behaviors among consumers or producers, often used to correct the effects of a negative externality.

Coase Theorem

The proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own

Distribution Of Rights

The allocation of legal entitlements and responsibilities among individuals, organizations, or governments.

Efficient Outcome

An economic situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.