Which of the Following Describes the Most Significant Demographic Trend

question 97

Multiple Choice

Which of the following describes the most significant demographic trend facing the U.S.work force?

• A) decreased number of ethnically diverse workers
• B) increased number of aging workers
• C) decreased number of contingent workers
• D) increased number of blue-collar workers
• E) decreased number of bilingual workers

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Definitions:

Market System

An economic system where decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

Fundamental Question

Refers to basic inquiries that address the core and essential aspects within a field or subject, often regarding what, how, and for whom to produce in economics.

Profit Potential

The capacity or possibility for a business or investment to generate earnings over costs.

Invisible-Hand Concept

This concept, introduced by Adam Smith, suggests that the self-regulating nature of the marketplace leads to economic efficiency through individuals' pursuit of their own self-interest.