Multiple Choice
With respect to factors of production, which of the following is NOT considered a primary factor?
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0. Basic Principles of Economics
Factors of Production
Multiple Choice
Which type of workers are most likely to be in demand in the future as economies become more technologically advanced?
A
Workers with minimal education and training
B
Workers with advanced technological and analytical skills
C
Workers specializing in traditional agriculture
D
Workers with basic manual labor skills
Verified step by step guidance1
Understand the context: As economies become more technologically advanced, the demand for different types of labor changes based on the skills required to operate, maintain, and innovate new technologies.
Identify the types of skills associated with technological advancement: These typically include advanced technological skills (such as programming, data analysis, and engineering) and analytical skills (such as problem-solving and critical thinking).
Analyze the options: Workers with minimal education and training or basic manual labor skills are less likely to meet the demands of a technologically advanced economy because their skills may be easily automated or replaced by machines.
Consider the role of traditional agriculture: While important, traditional agricultural skills are less likely to be in high demand in advanced economies that focus more on technology-driven industries.
Conclude that workers with advanced technological and analytical skills are most likely to be in demand because they can contribute to innovation, manage complex systems, and adapt to new technologies, which are essential in a technologically advanced economy.
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