A major explanation for the decline in employment in the textiles industry in Australia is:
A) shifts in production toward low- wage countries.
B) inaccurate expectations about the price level.
C) increases in income.
D) inaccurate expectations about productivity growth.
E) social problems in Australia.

Question

Quizplus · Accepted Answer

The shift in production towards low-wage countries has led to a decline in employment in the textiles industry in Australia.

A Major Explanation for the Decline in Employment in the Textiles