The United States was unable to maintain its dominance in the production of televisions because:
A. automated techniques allowed production to be outsourced to countries with less-skilled workers.
B. the product designs evolved too rapidly for engineers in the United States to keep up.
C. the highly technical skills necessary to produce televisions are greater in other countries.
D. the raw materials necessary to build televisions became scarce in the United States.
Answer: A
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Which of the following is a major reason for offshoring?
a. Global deregulation. b. Increased global demand for services. c. The gradual diminishing of global technological advances. d. All of the above are major reasons for offshoring.
In the graph showing an increase in aggregate demand, if aggregate demand moves from point A to point B, ______.
a. aggregate demand will weaken
b. price levels remain unchanged
c. RGDP increases by $1 trillion
d. unemployment increases by 3 percent