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?
Prof Double R
In response to your peers, consider their argument. Do you agree? Disagree? Are there parts of their argument that you agree with? If so, which ones? If not, which parts do you specifically disagree with? Is there something that your peer said that made you reevaluate your position a bit?