The decline in the US manufacturing sector was the result of:
a. increasing productivity in the manufacturing sector.
b. the increasing ability of consumers to purchase foreign manufactured goods more cheaply.
c. faster growth of the service sector.
d. All of the above are correct.
e. Only b and c are correct.
d. All of the above are correct.
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In the schematic theory of economic policy, consumer optimism is considered
A) a policy instrument. B) an exogenous nonpolicy variable. C) a structural relation. D) a target variable. E) an irrelevant side effect.
The ability of a country to invest in capital goods is tied to _____
a. its ability to save b. the size of its labor force c. its abundance of natural resources d. the quality of its labor force e. the level of inflation
A country's government runs a budget deficit when which of the following occurs in a given year?
A) The amount of new loans to developing nations exceeds the amount of loans paid off by developing nations B) Government spending exceeds tax revenue C) The debt owed to foreigners exceeds the debt owed to the country's citizens D) The amount borrow exceeds the interest payment on the national debt E) Interest payments on the national debt exceed spending on goods and services
The network effect in the TV broadcasting industry results in
A) a positive market feedback between the number of advertisers and the size of TV audience. B) a negative market feedback between the number of advertisers and the size of TV audience. C) a positive market feedback between the number of advertisers and the number of TV channels. D) a negative market feedback between the number of advertisers and the number of TV channels.