What Is Deindustrialization

question 76

Multiple Choice

What is deindustrialization?

• A) a shift from a service economy to an information economy
• B) a shift from a goods-based economy to a service-based economy
• C) closing factories that are major polluters of the environment
• D) closing up job ghettos and relocating industry to the country

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Definitions:

Government Purchases

Expenditures by government entities on goods and services that are used to provide public services or to benefit the country's economy.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of the banking industry, and stability of the financial system.

Interest Rates

The cost of borrowing money or the return on invested capital, expressed as a percentage of the principal, affecting economic activity by influencing spending and saving behaviors.

Unemployment

The situation in which individuals who are capable of working and are seeking work are unable to find employment.