Which Statement Is False

question 101

Multiple Choice

Which statement is false?

• A)Looking at our trading pattern with Japan,one might reach the conclusion that we were an economic colony of Japan.
• B)Until the 1990s,the United States was the prime exporter of consumer electronics products,such as TVs,cameras and DVD players.
• C)In 1984 U.S.trade deficits first passed the $100 billion mark.
• D)The last year the U.S.ran a trade surplus was 1975.

Understand the principles of resource pricing and its impact on income distribution.

Identify and explain the concept of marginal productivity and its role in income distribution and resource allocation.

Analyze the effects of technology on employment and the substitution and complementarity between capital and labor.

Recognize the conditions for profit maximization in firms with respect to their input use.

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Definitions:

Job Specifications

A detailed description of the qualifications, skills, and experience required for a specific job, including duties and responsibilities.

Educational Requirements

The specified level of education or training necessary for an occupation or for admission to an institution or program.

Job Elements

The basic duties and responsibilities that make up a specific job.

Position Analysis Questionnaire

The Position Analysis Questionnaire is a standardized job analysis instrument that evaluates a job’s characteristics and relates them to human characteristics, helping in understanding job requirements and designing appropriate roles.