Over several decades, some industries, such as textile and clothing, which were once a significant part of the U.S. economy, have shifted manufacturing abroad. Using the idea of opportunity cost, provide an explanation of the reasoning behind this shift. How has this shift affected economic well-being locally? How do the gains compare to the losses?
Which of the following is true about the demand curve?
Which of the following is true about the demand curve? a. It is used to illustrate the effect of price on the quantity supplied. b. It is always graphically depicted by a straight line. c. It shows the quantity of product customers will buy in a market during a period