Which of the Following Is an Impact of Rapid Technological

question 20

Multiple Choice

Which of the following is an impact of rapid technological change on job security?

• A)Routine skills are no longer required to complete a task.
• B)Nonroutine jobs are outsourced,thus reducing the need of an in-house workforce.
• C)Nonroutine cognitive skills gain more market value.
• D)Routine skills are more in demand.

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Definitions:

Property Tax

A levy on property that the owner is required to pay, usually based on the value of the property.

Beekeepers

Individuals who maintain bee colonies, commonly in hives, primarily for collecting honey and other products produced by bees such as bee's wax, propolis, and royal jelly.

Private Solution

A resolution to an economic issue that relies on private transactions without government intervention.

Externality

A consequence of an economic activity that is experienced by unrelated third parties.