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In recent year's the demand for manufacturing jobs in the US has increased due to reduced foreign competition?
Yes. Most U.S. Manufacturing jobs have taken place overseas, because foreigners would be willing to work for less. Recently, however, this has begun to change due to the fact that people are becoming more aware of this, and the economy is not in the best shape. Bringing these jobs back home would boost the economy.
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What were the main reasons for the decrease in the miscellaneous office machines industry?
The main reasons for this decrease included an increased use of computers, foreign competition, increased productivity, reduced corporate spending, and U.S. demographic changes.
When Edison Electric Company and the Thomson Houston Electric Company engaged in collusion the two companies increased reduced the level of competition in their industry?
increased
What are the Advantages of merging ranbaxy with japan company?
The advantages of merging Ranbaxy with a Japan company is an increased market share. It also has an increased capitalization and a reduced competition.
How has automation in manufacturing impacted society?
It has reduced the number of manual labor jobs and increased the number of highly-skilled jobs.
Why did the number of people employed in Mexican maquiladoras begin to drop after 2001?
The decline in employment in Mexican maquiladoras after 2001 can be attributed to factors such as increased competition from other countries, changes in global trade agreements, and automation of production processes. These factors led to a shift in manufacturing operations to other countries and reduced the demand for labor in maquiladoras.
What is a reason for a decline in manufacturing in the United Kingdom?
Many products can be manufactured in Asia - at a drastically reduced cost. Even taking into account the cost of transporting goods many thousands of miles to the UK - still makes foreign manufacturing more cost-effective.
Of the following which reduced the tax rate by half and increased taxes on other foreign goods such as refined sugar coffee wine dye and cloth?
Sugar Act of 1764.
How do trade restrictions on imports affect domestic consumers workers and producers of domestic goods?
Trade restrictions on imports, such as tariffs and quotas, can lead to higher prices for consumers as they limit competition from foreign goods. Domestic producers may benefit in the short term due to reduced competition, potentially leading to increased sales and job protection. However, workers in industries reliant on imported materials may face negative impacts, such as job losses or increased costs. Overall, while some domestic producers may gain, consumers often face higher prices, and the broader economy may suffer from reduced efficiency and innovation.
What is the economic effect of the use of strikebreakers by an employer?
A. Foreign competition is reduced because trade is blocked. B. Productivity is raised because inefficiency is eliminated. C. The effectiveness of industrial action by workers is reduced. D.The employer is pressured into accepting an increase in wages.
What is one reason that manufacturing is declining in Australia?
One reason for the decline of manufacturing in Australia is the increasing globalization and competition from countries with lower labor costs, which has led to a shift in production to these regions. Additionally, the rise of advanced technologies and automation has reduced the need for labor-intensive manufacturing processes, further diminishing the sector's significance in the Australian economy.
Who benefits the most from NAFTA?
NAFTA primarily benefited businesses and consumers by creating a more integrated North American market, leading to increased trade and economic growth. Large corporations, particularly in industries like agriculture, manufacturing, and technology, gained access to expanded markets and reduced tariffs, enhancing their competitiveness. Additionally, consumers enjoyed lower prices and more choices due to increased imports and competition. However, the benefits were not uniformly distributed, as some workers in specific sectors faced job losses due to outsourcing and competition.
Who did the Protective Tariff hurt?
The Protective Tariff primarily hurt consumers and industries reliant on imported goods, as it raised prices on these products. Domestic manufacturers benefitted from reduced foreign competition, but consumers faced higher costs for goods that were either imported or produced domestically. Additionally, industries that depended on imported raw materials found their production costs increased, which could lead to reduced competitiveness and potential job losses in those sectors.
