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AssignmentMultiple Choice

Trade Agreements

Question 1 • * HSA 26-27 Economics

Which factor is likely to be of concern in a developed economy in the twenty-first century?

Answer
A
low GDP
B
higher unemployment among less-skilled workers
C
populations that are growing too quickly
D
a labor shortage in manufacturing industries

Explanation

Developed economies often rely increasingly on technology and specialized skills. Automation and changes in industry can reduce demand for less-skilled workers, making higher unemployment among those workers a concern. Rapid population growth and low GDP are less characteristic concerns for many developed economies.

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