The Text Refers to "Labor Adjustment Costs" as the Costs

question 219

Multiple Choice

The text refers to "labor adjustment costs" as the costs of:

• A) making an educated workforce.
• B) machines and equipment that replace the use of labor in production.
• C) increasing a nation's workforce through bringing in migrant workers from overseas.
• D) shifting workers from one sector of the economy to another sector.

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Definitions:

Duplex Mind

The concept that the human mind operates through two systems: one that is fast, automatic, and emotional, and another that is slow, deliberate, and logical.

Nature Versus Culture

A debate focusing on the relative contributions of genetic inheritance (nature) and cultural factors (culture) to human development and behavior.

Connections

Relationships or associations between people, places, or things, often implying a network or linkage of some kind.

People

Human beings collectively considered as members of a community or society.