Ask Question
BusinessBusiness
23 February, 11:00

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?

+2
Answers (1)
  1. 23 February, 11:07
    0
    B. Workers lost these jobs because technological advances increased productivity.

    Explanation:

    The employees lost employment due to the increased efficiency of technological progress. By improving the productivity of manufacturing drivers, technological advancement expands an economic limit on the possibility of production, allowing equivalent output to be manufactured with fewer resources or more output to be manufactured with the same quantity of resources. For example a machine component that takes 5 men to lift and 10 to assemble in 5 minutes just takes a single machine that doesn't receive wages apart from lubricant a minute to lift and assemble perfectly. Definitely machines are replacing humans to increase efficiency and productivity. Only few humans are employed to supervise and monitor.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Certain industries of the U. S. economy, such as farming and heavy equipment manufacturing, have experienced a significant decline in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following establishes the criteria to determine if a business meets the definition of small business for the particular economic activity or trade a business is in? a. Sales metrics defined in the marketplace b.
Answers (1)
Alexander lives in an apartment building and gets a $250 benefit from playing his stereo. mary, who lives next door to alexander and often loses sleep due to the loud music coming from alexander's stereo, bears a $350 cost from the noise.
Answers (1)
Technician A says that by full fielding the alternator, you are bypassing the voltage regulator. Technician B says that full fielding can possibly damage electronic circuits, so it is no longer a recommended test. Which technician is correct?
Answers (1)
Gerald received a one-third capital and profit (loss) interest in XYZ Limited Partnership (LP). In exchange for this interest, Gerald contributed a building with an FMV of $30,000. His adjusted basis in the building was $15,000.
Answers (1)
Flyaway Travel Company reported net income for 2021 in the amount of $105,000. During 2021, Flyaway declared and paid $3,625 in cash dividends on its nonconvertible preferred stock. Flyaway also paid $25,000 cash dividends on its common stock.
Answers (1)
New Questions in Business
The Rye Corporation has provided the following information: Total sales were $1,240,000. Beginning net accounts receivable was $49,000. Ending net accounts receivable was $63,000. Sales returns and allowances totaled $108,000.
Answers (1)
It's important to know whether you've paraphrased and cited source material for your paper correctly so you avoid plagiarism. Read the original quote below and the two attempts to paraphrase it.
Answers (1)
What is a liquidity trap? -When deflation occurs because growing debt obligations cause a decrease in aggregate demand. -When increasing price levels result in fixed-income earners "drowning" as expenses grow while income remains constant.
Answers (1)
Elisabeth gets a new credit card with a $ 5 comma 000 credit limit. Elisabeth gets a new credit card with a $5,000 credit limit. Is this counted in M1 only, M2 only, M1 and M2, or neither?
Answers (1)
The term relevant range means the range of activity over which
Answers (1)
Home » Business » 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?
Sign Up Forgot Password?