Manufacturing Output in the U

question 2

Multiple Choice

Manufacturing output in the U.S. continues to increase. The high unemployment of skilled workers who previously worked in the manufacturing sector

• A) is the result of untrained laborers.
• B) is strictly a factor of U.S. manufacturing companies outsourcing the majority of their work.
• C) can be reconciled by the fact that manufacturing is very efficient and requires fewer workers to produce the same amount, or even more output.
• D) can be attributed to manufacturing going green.

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Definitions:

Individual-level Inequalities

Disparities experienced by individuals in terms of resources, opportunities, and treatment due to their characteristics.

Country-level Inequalities

Disparities in economic, social, and health indicators among countries, often reflecting global patterns of wealth and power.

Neoliberalism

An economic policy model that emphasizes the reduction of state intervention in the economy, free-market capitalism, deregulation, and reduction in government spending on social services.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicative of a thriving economy.