Rapid Change in the Composition of the Labor Force During

question 4

Multiple Choice

Rapid change in the composition of the labor force during the final decades of the 20^th century was made possible by:

• A)technological improvements
• B)the computer
• C)robotics
• D)advanced training
• E)deskilling in the service sector

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Definitions:

Domestic Price

Domestic price refers to the price of goods or services within a country's borders, influenced by domestic supply and demand, taxes, and subsidies.

Domestic Output

The total value of all goods and services produced within a country's borders in a given time period.

Imported Jeans

Denim pants that are produced in one country and brought into another country for sale, subject to trade policies and tariffs.

Domestic Price

The price of goods or services within a country's own market, as opposed to international prices.