Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

57 this graph contains data about a job sector in the united states. u.…

Question

57 this graph contains data about a job sector in the united states. u.s. manufacturing jobs, 1994–2010 source: u.s. bureau of labor statistics based on the graph and your knowledge of u.s. history, which factor contributed to the overall trend shown in the graph? a a long - term decline in stock prices in the u.s. market b lower production costs in foreign countries when compared with the united states c reduced demand in the united states for factory - made consumer goods d the withdrawal of the u.s. government from regional free - trade agreements

Explanation:

Brief Explanations

The graph shows a decline in U.S. manufacturing jobs from 1994 - 2010. After NAFTA (a regional free - trade agreement) was implemented, U.S. manufacturing faced competition from countries with lower production costs (like Mexico). This led to companies moving production overseas, reducing domestic manufacturing jobs. Option A (stock prices) is unrelated. Option C (reduced demand for factory - made goods) doesn't align with the timeline and context of trade - related job loss. Option D (withdrawal from regional free - trade agreements) is incorrect as the U.S. was part of NAFTA during this period, not withdrawing. Option B explains that lower production costs in foreign countries (due to trade agreements like NAFTA) led to U.S. manufacturing jobs moving abroad, causing the decline.

Answer:

B. Lower production costs in foreign countries when compared with the United States