Certain industries of the U.S. economy, such as farming and heavy equipment manufacturing, have experienced a significant decline in employment. Which statement best explains this job loss? Multiple Choice Workers lost these jobs because technological advances increased productivity. Government regulations have eliminated profit opportunities in these industries. The U.S. economy cannot compete in these industries any longer. The cause is a decline in the productivity of labor in these industries.

Certain industries of the U.S. economy, such as farming and heavy equipment manufacturing, have experienced a significant decline in employment. Which statement best explains this job loss? Multiple Choice Workers lost these jobs because technological advances increased productivity. Government regulations have eliminated profit opportunities in these industries. The U.S. economy cannot compete in these industries any longer. The cause is a decline in the productivity of labor in these industries.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Labor Markets

Section: Chapter Questions

Problem 18SQ

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