In the 1970s, the U.S. economy began to shift away from manufacturers. Deindustrialization continued into the 1990s. Explain why this was so and who was affected by this shift. What were the benefits and other consequences of this shift?
Deindustrialization, is the process under which
the massive social or economic change lead to eliminate the
industrial activity. The steel and iron industries were demoted
after shifting of manufacturing to South States which had cheaper
workers.
It was cheap for companies to establish their factories in South
America or asia than pay to workers in America. They used to
produce good and products there and bring it back to domestic
country.
Those companies were in favor of outsourcing instead of
manufacturing in home country. The manufacturer and labour were
highly affected by this. The economy were emphasised on different
sectors like telecommunications or tourism etc.
The advantage was that a new and unique labour force was formulated
and people were more focused in progress and growth of society.
However, the disadvantage was that many people became jobless and
because they didn't get training which cause them not be a part of
new labour force.
In the 1970s, the U.S. economy began to shift away from manufacturers. Deindustrialization continued into the...
1.In the late 1990s, Japan was accused of dumping steel on the U.S. market. This means that Japanese steel producers were suspected of selling their steel in the U.S. at prices below their costs of production, although what "costs of production" exactly means is not particularly clear. In any case, some people in the U.S. were unhappy about this, while others clearly benefited. Give examples of people who would be angry about Japanese steel dumping and people who would greatly...
2. During the energy crisis of the 1970s, many economists predicted severe shortages in oil and other natural resources. These projections were based on trends that existed at that time. These projections showed consumption of oil increasing much faster than production, and indicated severe shortages by the mid-1990s. These shortages have not occurred. Explain why the projected shortages did not take place. 3. A. Suppose David never looks at the menu when he enters his favorite restaurant and always orders...
The large wave of immigration from Mexican to the U.S. that began four decades ago, most of it unauthorized, has to a large degree ended. As a report from the Pew Hispanic Center confirms, net migration from Mexico to the U.S. sank to about zero in the past five years. Did the North American Free Trade Agreement (NAFTA) play a roll? Do you think there will be continued decline in immigration of people from Mexico to the U.S. in future...
7. Historically, there tends to be an inverse relationship between the rate of inflation and the rate of unemployment (often illustrated by the Phillips Curve), with few exceptions. b. In the 1970s, the US economy displayed two periods of both high inflation (in the double-digits), and high unemployment, called stagflation. What were the unique events/trends taking place which led to this unusual phenomenon? Use the model of aggregate supply and aggregate demand to help explain your answer. c. In the...
what are the legal, moral, and ethical consequences that prohibit hospitals from turning away patients on the basis of race? why are no such consequences faced by parients who demand doctors, nirses, or workers of a specific race to administer their healthcare?
3. What are the legal, moral, and ethical consequences that prohibit hospitals from turning away patients on the basis of race? Why are no such consequences faced by patients who demand doctors, nurses, or workers of a specific race to administer their healthcare?
Assess the history and proliferation of outpatient healthcare services and discuss why the shift away from traditional hospital inpatient care continues. Then predict what a hospital versus outpatient healthcare organization or clinic will look like 10–15 years in the future.
1. Suppose the U.S economy enters a recession and incomes fall. What will happen to the equilibrium prices and quantities of inferior goods? If price stays the same would that be equilibrium? Why or why not? What will eventually happen in th3 market? What happened to equilibrium price and quantity? Which quantity is affected and how do you know? Would your answer be the same if you were discussing normal goods? Explain using supply/demand graphs. 2. Draw a graph showing...
The administrator of an 80-bed nursing facility in a rural community 30 miles away from a medium-sized city is losing two veteran RNs, who are retiring after working at the facility for 20 and 25 years, respectively. The staff of the facility are tightly knit and view each other as a family, so the loss of the two RNs is especially painful. Although there is a sufficient labor market in the community for nursing assistants and other support personnel, there...
In recent years, Planned Parenthood has decided to shift away from the labels of "pro-choice" and "pro-life" with regard to pregnancy and abortion because approaching these issues in such polarizing, political terms is not very helpful to those who are actually making these kinds of highly personal decisions. What is your perspective on this change? Discuss the apparent contradiction involved in legislative efforts that seek to limit access to health care services that might prevent unplanned pregnancies (e.g. Planned Parenthood...