Author Question: A trade discount is the price producers set to draw the public's attention to new products. ... (Read 14 times)

audie

  • Hero Member
  • *****
  • Posts: 532
A trade discount is the price producers set to draw the public's attention to new products.
 
 Indicate whether the statement is true or false

Question 2

Briefly assess the good and bad news of the current U.S. manufacturing environment.



kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

False

Answer to Question 2

The bad news is that many manufacturing jobs have been outsourced to low-wage workers in overseas countries, the cost of U.S. manufacturing is approximately 20 percent higher, and the number of unemployed factory workers increased during the recent economic crisis.

The good news is that U.S. manufacturers produce approximately 18 percent of total global manufacturing output and contribute approximately 2 trillion to the U.S. economy each year. Also, manufacturing exports are nearly 60 percent of all U.S. exports, and it is anticipated that there will be 2 million job openings in manufacturing through 2018. Finally, for every manufacturing job created, there are another three jobs created in the supply chain, the trucking industry, and other related areas of the economy.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

For a complete list of videos, visit our video library