5
practice examMultiple Choice

Practice Exam

Question 5 • CMS 2026-2027 Economics and Personal Finance HONORS INITIAL CREDIT

What is a major factor in the decline of some occupations, such as those in the textiles and clothing industries?

Answer
A
overseas labor costs
B
shifting consumer tastes
C
aging populations
D
changing technologies

Explanation

Textile and clothing production often moves to countries where labor costs are lower. This makes it difficult for producers in higher-wage countries to compete, contributing to the decline of jobs in those industries. So the major factor is overseas labor costs.

AI-written and checked against the verified answer.

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