Certain Industries of the U

question 97

Multiple Choice

Certain industries of the U.S. economy, such as farming and heavy equipment manufacturing, have experienced a significant decline in employment. Which of the following best explains this job loss?

• A) The cause is a decline in the productivity of labor in these industries.
• B) Workers lost these jobs because technological advances increased productivity.
• C) The U.S. economy cannot compete in these industries any longer.
• D) Government regulations have eliminated profit opportunities in these industries.

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Definitions:

Futures Contract

An official agreement setting terms for the future buying or selling of assets at a price fixed in advance.

Value

The financial worth of an asset, security, or company, based on factors like earnings, growth potential, and market conditions.

Calls

Options contracts that give the holder the right, but not the obligation, to buy a stock or another financial asset at a specified price within a specific time period.

Gold

A precious yellow metallic element, highly valued for use in jewelry and as an investment.