PrepTest 76, Section 2, Question 7
Economist: Owing to global economic forces since 1945, our country's economy is increasingly a service economy, in which manufacturing employs an ever smaller fraction of the workforce. Hence, we have engaged in less and less international trade.
Economist: Owing to global economic forces since 1945, our country's economy is increasingly a service economy, in which manufacturing employs an ever smaller fraction of the workforce. Hence, we have engaged in less and less international trade.
Economist: Owing to global economic forces since 1945, our country's economy is increasingly a service economy, in which manufacturing employs an ever smaller fraction of the workforce. Hence, we have engaged in less and less international trade.
Economist: Owing to global economic forces since 1945, our country's economy is increasingly a service economy, in which manufacturing employs an ever smaller fraction of the workforce. Hence, we have engaged in less and less international trade.
Which one of the following, if true, would most help to explain the decreasing engagement in international trade by the economist's country?
International trade agreements have usually covered both trade in manufactured goods and trade in services.
Employment in the service sector tends to require as many specialized skills as does employment in manufacturing.
Because services are usually delivered in person, markets for services tend to be local.
Many manufacturing jobs have been rendered obsolete by advances in factory automation.
Some services can be procured less expensively from providers in other countries than from providers in the economist's country.
Explanations
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