The World's Wealthier Societies Have Entered a Postindustrial Era with Industrial

question 16

Multiple Choice

The world's wealthier societies have entered a postindustrial era with industrial technologies giving way to computer technologies. Which of the following is a benefit of this change?

• A)Cleaner technology means cleaner air.
• B)Less can be spent on education, especially at the college level.
• C)Higher cancer levels means a reduction in overall population.
• D)More people in developing nations can play video games.

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Definitions:

Trade Surplus

A situation where the value of a country’s exports exceeds the value of its imports.

Balance of Trade

The difference in value between a country's imports and exports over a given period, indicating the net earnings on foreign trade.

Foreign Trade Sector

The segment of an economy's market dealing with the exchange of goods and services across international borders.

Trade Deficit

A condition where a nation's incoming goods and services are greater than what it sends out.