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 and 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.
Economics
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In a closed economy firms sell goods and services to:
A) households and foreigners. B) households and the government. C) just the government. D) none of the above.
Economics
Which of the following correctly represents the budget deficit?
a. Tax revenue - government purchases b. Tax revenue - government outlays c. Government purchases - tax revenue d. Government outlays - tax revenue e. Government outlays - tax revenue - transfer payments
Economics