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6. Do you think the U.S. as a society is better or worse off on net...

6. Do you think the U.S. as a society is better or worse off on net as a result of the gains in productivity in manufacturing? Explain.

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Answer #1

Gains in productivity in manufacturing means the manufacturing sector can produce more with the given resources. So, resources are more being used more efficiently. Also this would increase the profitability of firms and real wage. So, firms as well as the workers would be better off.

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