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Ksivusya [100]
3 years ago
13

or decades United States has been a major manufacturer of the World consumer goods. Nowadays, many items we buy from the United

States are made in China. What are the economic implications of this practice to both countries?
Business
1 answer:
Verdich [7]3 years ago
6 0

Answer:

For decades, the United States has produced trillions of dollars in manufactured goods that were destined for domestic consumption and export, thus supplying the world market with products made in America. This production meant that many Americans had employment opportunities in these industries, and that the United States was the main exporter of merchandise in the world.

Today, globalization has diversified world manufacturing production. In the case of America, the relatively high cost of the dollar has made American companies look for cheaper places to produce, such as China or Mexico, where they can produce more units at the same cost as they produce a single unit in America. This has caused many Americans to lose their jobs, and large industrial cities like Detroit to lose large amounts of population. In addition, the United States went from being the main exporter of goods to being the main importer, leaving the first place to China.

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Answer:

D

Explanation:

7 0
3 years ago
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k0ka [10]

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Therefore, the sector which lost more job due to the technological changes is the Banking sector because more software technology are now used, thus resulting to lay-off of bank workers.

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4 0
2 years ago
In the 1980s, the U.S. government forced Japanese automakers to limit their exports to the United States. The union representing
never [62]

Answer:

A) save domestic jobs

Explanation:

Domestic jobs: These are the categories of jobs that are available in the national country of the company or within the boundary of the country, which has a preference for the local population and has more responsibility toward national´s resources, however, foreign companies have less responsibility toward national´s resources and their sole motive is to earn profit at a lesser cost.  

In the given case, Japanese company´s export to the U.S have affected the domestic jobs as their motive is to maximize profit, which leads to an argument for protection of domestic job in U.S auto industry, therefore, US government have limited the export of Japanese automaker.

7 0
3 years ago
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3 0
2 years ago
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5 0
3 years ago
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