Which of the Following Statements Is True About the U

question 48

Multiple Choice

Which of the following statements is true about the U.S.economy?

• A)Each year,many new jobs are created,but few existing jobs are destroyed,and the unemployed find jobs quickly.
• B)Each year,few new jobs are created,but few existing jobs are destroyed,keeping unemployment low.
• C)Each year,many new jobs are created and many existing jobs are destroyed.
• D)Each year few jobs are created,and therefore it takes the unemployed a long time to find a new job.

Understand the importance of opportunity cost in trade decisions.

Analyze production possibilities and potential benefits from trade.

Identify conditions under which trade is advantageous.

Determine specialization and trade patterns based on comparative advantage.

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Definitions:

Following Forces

Relates to the factors or influences that drive or shape the direction of trends, movements, or behaviors in a society or field.

Mechanistic Organization

A form of organization characterized by rigid hierarchies, high levels of formalization, and centralized decision-making, often seen in traditional, large-scale businesses.

Organic Design

A design philosophy that promotes harmony between the natural environment and human habitation, often emphasizing sustainability and fluidity.

Status Quo

The existing state or condition of affairs, often used in the context of resisting change.