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Author Question: Describe the trends in U.S. manufacturing employment and U.S. manufacturing output over the last 40 ... (Read 124 times)

deesands

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on: Jun 30, 2018
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?

Question 2

How did the Uruguay Round of GATT impact agriculture?
 
  What will be an ideal response?
International Economics ¦ Gerber ¦ 6th Edition
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Chou

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Reply #1 on: Jun 30, 2018
Answer to Question 1

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.

Answer to Question 2

Many quotas were converted to tariffs; many industrial countries agreed to reduce their direct support of the farm sector


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