An Increase in the Demand for Workers Producing Computers for Export

question 33

Multiple Choice

An increase in the demand for workers producing computers for export versus producing agricultural products that can be imported more cheaply from abroad is an example of how increasing wage inequality can result from:

• A)the diminishing marginal product of labor.
• B)the diminishing marginal product of capital.
• C)increasing reservation prices.
• D)globalization.

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Definitions:

Circles

Groups or gatherings of individuals with a shared purpose, interest, or connection.

Virtual Organization

A business model characterized by a network of remote collaborations and communications among individuals or groups, enabled by digital technologies, without a centralized physical office.

Strategic Control

The process of monitoring and assessing the suitability of a strategy against the organizational goals and making necessary adjustments.

Modular Organization

Refers to an organizational structure that is divided into separate, interchangeable units or modules, each with a specific function.