From 1996 to 2006,3 million U.S.manufacturing workers lost their jobs.As a result,
A) the U.S. economy is worse off because those people have lost their incomes and the government has lost the tax revenue from their incomes.
B) other sectors of the economy expanded and absorbed many of those individuals who had lost their jobs.
C) the overall unemployment rate in the United States increased.
D) the U.S. economy shrank, and the well-being of the average American declined.
Correct Answer:
Verified
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Q24: Which of the following statements is TRUE?
A)
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A) using tariffs,
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