According to the Text, What Two Factors Account for the Low

question 72

Multiple Choice

According to the text, what two factors account for the low (and sometimes negative) growth rates of routine manual and routine cognitive jobs in the United States since 1983?

• A) offshoring and low economic growth
• B) low economic growth and skill-biased technological change
• C) offshoring and skill-biased technological change
• D) immigration and offshoring

Grasp the principle of the contribution margin ratio and its impact on profitability.

Learn how changes in selling price and sales volume affect net operating income.

Calculate the required sales volume to achieve a target profit.

Comprehend the use of the degree of operating leverage and how it affects net operating income in response to sales changes.

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Definitions:

Consumer-Driven Health Plan

A type of health insurance plan that allows members to use health savings accounts, health reimbursement arrangements, or similar medical payment products to directly pay routine healthcare expenses.

Medical Savings Account

A tax-exempt account established to pay for medical expenses, often used in conjunction with high-deductible health insurance policies to cover out-of-pocket costs.

High Deductible

A health insurance plan with lower premiums and higher deductibles than a traditional health plan, emphasizing consumer-driven health care.

Group Insurance Plan

A type of insurance policy that covers a defined group of people, typically employees of a company, offering them benefits at a reduced cost.