According to the Text, a Desirable Manufacturing Policy for the United

question 44

Multiple Choice

According to the text, a desirable manufacturing policy for the United States would emphasize

• A)heightening productivity.
• B)exporting jobs.
• C)reducing wages at home to keep prices low.
• D)reducing the federal expenditures on social programs.
• E)manipulating balance sheets and profit margins.

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Definitions:

Without Government

A scenario that describes a situation or theoretical condition where governmental institutions and interventions do not exist or are absent.

Pollution

The contamination of air, water, or soil by substances that are harmful to living organisms.

Pigouvian Tax

A tax imposed on any market activity that generates negative externalities, intended to correct the market outcome by internalizing the costs of the externality.

Marginal Social Cost

The complete expense incurred by society to produce an extra unit of a good or service, encompassing both individual costs and external impacts.