Rapid Technological Changes and Increased Competition from the Manufactured Exports

question 15

Multiple Choice

Rapid technological changes and increased competition from the manufactured exports of emerging market economies are causing _________________ in the United States.

• A)downsizing and job insecurity
• B)industrial growth and job security
• C)increased wages in competing industries
• D)exchange rate fluctuations

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Definitions:

Housing Crisis

A situation in which affordable housing is scarce, leading to increased homelessness and housing insecurity among populations.

Foreclosures

The legal process by which a lender takes control of a property, evicts the homeowner, and sells the home after the homeowner fails to make full principal and interest payments on a loan.

Affordable Housing

Housing that is reasonably priced and accessible to those with median or below-median income levels.

Timber Industry

The Timber Industry involves the operations of harvesting, processing, and selling wood and wood products, which are used for building, manufacturing, and various other purposes.