Sinche: Three Factors Working Against Manufacturing

Sinche: Three Factors Working Against Manufacturing

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the similarities between Germany and the US in terms of manufacturing trends, highlighting the decline in manufacturing jobs due to a shift towards a services economy, increased productivity, and competition from developing countries. It also explores the impact of currency fluctuations, particularly the US dollar and Mexican peso, on trade and investment decisions. The video further examines Mexico's economic challenges under the Trump administration, emphasizing the difficulties faced by Mexico in adapting to new US policies and the weakening of its currency.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main factors affecting the manufacturing sector in developed countries?

Trade wars, political instability, currency fluctuations

Lack of skilled labor, outdated technology, high taxes

High labor costs, lack of innovation, environmental regulations

Shift to a services economy, increased productivity, competition from developing countries

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a strong US dollar affect trade with Mexico?

It benefits Mexican exporters and US importers

It benefits US exporters and Mexican importers

It has no impact on trade between the two countries

It only affects the tourism industry

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the pressures faced by companies due to currency fluctuations?

To expand into new markets

To reduce their production costs

To make non-economic decisions

To increase their workforce

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Mexico in a difficult situation under the Trump administration?

Because of increased trade tariffs with Canada

Due to a weakening currency and focus on economic and security issues

Due to a lack of natural resources

Because of a strong alliance with European countries

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is Canada responding to the economic focus of the Trump administration?

By increasing trade with Mexico

By imposing tariffs on US goods

By staying under the radar and not being at the forefront

By forming new alliances with Asian countries