Based on Your Turn 1-1, Which of the Following Statements

question 12

Multiple Choice

Based on Your Turn 1-1, which of the following statements about U.S.durable goods manufacturing is false?

• A)durable goods manufacturing output has been rising in the long run
• B)durable goods employment has been falling since the 1960s.
• C)durable goods employment as a percentage of total employment has been falling since the 60s.
• D)None, all of the above are true.

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Definitions:

North American Free Trade Agreement

An important trade deal aimed at reducing trading costs, increasing business investment, and helping North America be more competitive in the global marketplace, also known as NAFTA.

Capital and Labor Mobility

The ease with which capital funds and labor can move across borders or industries, influenced by regulations, immigration policies, and financial systems.

NAALC

The North American Agreement on Labor Cooperation, an annex to the North American Free Trade Agreement focusing on labor law standards and cooperation among member states.

Cross-border Cooperation

Collaborative activities and partnerships between countries, regions, or organizations across national boundaries to achieve common goals.