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It Is Often Asserted That the United States No Longer

question 109

Essay

It is often asserted that the United States no longer manufactures anything, and that instead it imports manufactured goods from countries like China.Critically evaluate this claim.


Definitions:

Greater Profits

Increased financial gains achieved by a business, indicating higher revenue over costs compared to a previous period or benchmark.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, impacting societal equality and opportunities.

Price-Discriminating Monopolist

A monopolist that charges different prices to different consumers for the same product, based on their willingness to pay, to maximize profits.

Absolute Value

The value of a number excluding its sign, ensuring it is not negative.

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