What does economic restructuring refer to?
A)the decline in manufacturing jobs in the U.S.
B)the process of consumers consolidating their debt
C)a shift in the percentages of Americans in each social class
D)the passing of wealth from one generation to the next

Question

Quizplus · Accepted Answer

Economic restructuring typically refers to a shift in the economy from one sector to another, often resulting in the decline of certain industries or job types. The decline of manufacturing jobs in the U.S. is an example of economic restructuring.

Answer: A and C (if applicable)
 While economic restructuring primarily refers to the shift in the economy from one sector to another, it may also result in changes to the social class percentages. Therefore, A and C may both be correct, but only if the question specifically includes social class as a potential outcome of economic restructuring.

Answer: B and D
 While consumers consolidating their debt and wealth passing from one generation to the next may be relevant topics within the economy, they do not directly relate to the definition or main focus of economic restructuring. Therefore, B and D are not the best choices for what economic restructuring refers to.

What Does Economic Restructuring Refer To