Which of the Following Statements About Manufacturers Is True

question 31

Multiple Choice

Which of the following statements about manufacturers is true?

• A)Industrial customers are concentrated in countries that are at the more advanced stages of economic development.
• B)Manufacturing output in the U.S.is shrinking.
• C)Countries with cheap labor have a slow rate of growth.
• D)Many factories are concentrated in rural areas of the United States.
• E)Currently,U.S.manufacturing output is at its lowest point since 1980.

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Definitions:

Rent-Seeking Activity

The practice of gaining economic advantage without reciprocating any benefits back to society through wealth creation.

Redistribute Income

The transfer of income from certain individuals or groups to others through mechanisms like taxes and welfare programs aimed at lessening income inequality.

Public-Sector Activity

Actions and services carried out by the government or governmental agencies for the public interest.

Political Process

The series of actions or steps taken in a structured manner to achieve governance or policy goals, often involving elections, decision making, and legislation.