Employment Losses in American Textiles Are Due to All of the Following

question 31

Multiple Choice

Employment losses in American textiles are due to all of the following EXCEPT:

• A)a decline in demand for textiles.
• B)less costly foreign goods.
• C)the export of jobs by American textile factories.
• D)improved technology in Europe.
• E)strong trade associations in other countries.

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Definitions:

Marginal Costs

The expense associated with the production of an extra unit of a product or service.

Marginal Returns

The additional output that is produced as a result of increasing one more unit of an input while holding other inputs constant.

Marginal Cost

The additional cost incurred from the production of one more unit of a product or service.

Total Cost

The complete cost of production that includes both fixed and variable costs.