Which of the Following Is a Partial Explanation for the Increase

question 39

Multiple Choice

Which of the following is a partial explanation for the increase in the relative demand for U.S. nonproduction workers during the 1980s?

• A) declines in the rate of U.S. technological change
• B) skilled-biased technological change
• C) increased production of import-competing goods
• D) declines in the rate of U.S. technological change and skilled-biased technological change

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Definitions:

Setting Objectives

The method of setting clear, quantifiable, attainable, pertinent, and timely objectives for a person, group, or entity.

Fixed Costs

Costs that do not vary with the level of production or sales within the short term, such as rent, salaries, and insurance premiums.

Break-Even Analysis

A financial calculation to determine the point at which revenue equals costs, indicating no profit or loss.

Variable Costs

Costs that vary in direct proportion to changes in the level of production or sales volume, such as materials and labor.