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.
A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no
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Flexible exchange rates are supposed to prevent long-term trade deficits.