Historically Jobs Lost in One Sector of the Economy Have

question 139

True/False

Historically jobs lost in one sector of the economy have been replaced by increased employment opportunities in other sectors.
The history of our nation's economy shows that as jobs were lost in agriculture earlier in the last century;displaced farm workers were often able to find employment in the growing manufacturing sector.More recently,declines in manufacturing employment have been offset by rapid growth in the service sector.The latest growth area for new jobs is in information technology.

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Definitions:

Contractual Obligation

A duty or responsibility that is legally binding under the terms of a contract.

Obvious Terms

Conditions or elements in an agreement or contract that are clear and unmistakable to all parties involved, often not needing explicit statement or detailed explanation.

Quasi Contract

A fictional contract imposed on parties by a court in the interests of fairness and justice; usually, quasi contracts are imposed to avoid the unjust enrichment of one party at the expense of another.

Imposed

Enforced or applied by authority or necessity, often referring to laws, taxes, or penalties that are set upon individuals or entities.