What are the three main factors affecting the manufacturing sector in developed countries?
Sinche: Three Factors Working Against Manufacturing

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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Lack of skilled labor, outdated technology, high taxes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
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