Describe the trends in U.S. manufacturing employment and U.S. manufacturing output over the last 40 years. What factors have contributed to these?
What will be an ideal response?
Manufacturing employment is down while output and exports are up. Rising productivity, a relocation of the sector within the United States are both significant in terms of explaining people's perceptions of the situation versus the reality.
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In auctions, the winner always pays a price equal to the highest (his) bid
Indicate whether the statement is true or false
The most liquid asset(s) of all is (are)
a. cash in the hands of the public b. cash in the hands of banks c. demand deposits held by households and businesses at commercial banks d. travelers' checks e. credit cards
What fraction of the world's population lives on no more than $2 a day?
A. 1/10 B. 1/4 C. 1/2 D. 3/4
Cyclical unemployment is caused by
A. technological change. B. predictable shifts in production associated with different seasons. C. a dynamic economy in which people want to switch jobs sometimes. D. changes in an economy's overall condition.