Which of the Following Is Not True of Declining Industries

question 48

Multiple Choice

Which of the following is not true of declining industries?

• A)Job loss is not a problem in a declining industry because the workers can easily find jobs in expanding industries.
• B)Jobs may be lost by declining industries but new jobs are created in expanding industries.
• C)Over 60 million new jobs have been created in the United States since 1960.
• D)One way to solve the problems posed by declining industries is for the government to fund programs to retrain workers for jobs that are in greater demand.
• E)One way to solve the problems posed by declining industries is for the government to offer wage subsidies or special tax breaks that decline over time.

---

Definitions:

Consideration

In contract law, the benefit or value that is exchanged between parties in a contract, making it binding and legally enforceable.

Deed of Trust

A document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) pays the lender according to the terms of a loan.

Mortgage

A loan secured by the collateral of real estate property, where the borrower is obliged to pay back with a predetermined set of payments.

Trustee

A person or firm that holds and administers property or assets for the benefit of a third party.