In the Early 1960s, There Was a Reduction in Industrial

question 29

Multiple Choice

In the early 1960s, there was a reduction in industrial activity, especially manufacturing because ________.

• A) managing employees was considered easier than managing machines
• B) globalization limited the growth and spread of investment and trade
• C) employers replaced the lowest skilled workers with automation
• D) there was an increasing demand for workers in assembly line jobs

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Definitions:

Tax Bracket

A range of incomes taxed at a specific rate, with different portions of income being taxed at progressively higher rates as income increases.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the borrower fails to repay the loan.

Callable Bond

A type of bond that gives the issuer the right to pay off the bond before its maturity date.

Debenture

A type of debt instrument that is not secured by physical assets or collateral.