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.

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Definitions:

Populated State

A state or region that has a high density of human population.

Urban Areas

Regions characterized by high population density, advanced infrastructure, and significant economic activities, typically including cities and towns.

Mass Consumption

The widespread purchase and use of goods and services by a large number of people, characteristic of developed economies with high levels of consumer spending.

Patriotic Act

Likely refers to the USA PATRIOT Act, a significant legislative act passed in 2001 aimed at enhancing domestic security through expanded surveillance and investigative powers to prevent terrorism.