Which of the following is a correct statement about U.S. manufacturing?
A) U.S. manufacturing output is generally declining.
B) U.S. manufacturing employment has declined sharply since the 1970s.
C) Most relocation of U.S. manufacturing has been from southern states to northern states.
D) Productivity in U.S. manufacturing has fallen as employment has decreased.
Question 2
Direct subsidies to agriculture, whether they are export subsidies or production subsides, are viewed as harmful because of all the following reasons EXCEPT
A) they lead to overproduction.
B) they crowd out imports.
C) they can lead to dumping of surplus production.
D) they encourage overconsumption through low market prices.
Example of a patient statement.
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