The innovative and marginal sectors will both development responses to
A)heightened international competition and technological change.
B)reduced productivity and lower efficiency.
C)higher wages and greater job security.
D)skill levels of workers and the number of unemployed workers.
E)job retraining programs and the demand for increased leisure.

Question

Quizplus · Accepted Answer

Heightened international competition and technological change will cause both innovative and marginal sectors to respond by developing new strategies or products to remain competitive. The innovative sector, in particular, may lead the way in adopting new technologies and finding more efficient production methods. The marginal sector may have to adapt by diversifying their product offerings or finding niche markets in which they can compete.

The Innovative and Marginal Sectors Will Both Development Responses to