Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following factors contributed to the economic decline of the 1970s? Responses Development by U.S. companies in the Sun Belt began to export

Which of the following factors contributed to the economic decline of the 1970s? Responses Development by U.S. companies in the Sun Belt began to export products across the border to Mexico. Development by U.S. companies in the Sun Belt began to export products across the border to Mexico. Increased regulation of prison labor, which created an increase in the cost of labor overall, leading to higher unemployment rates throughout the southern and western U.S. Increased regulation of prison labor, which created an increase in the cost of labor overall, leading to higher unemployment rates throughout the southern and western U.S. Unemployment in the Rust Belt and development in Asia and Western Europe created competition for American businesses. Unemployment in the Rust Belt and development in Asia and Western Europe created competition for American businesses. Labor shortages led to a decrease in domestic oil production, which led to more imported fuel and a dramatic rise in gas prices

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Great Convergence Information Technology And The New Globalization

Authors: Richard Baldwin

1st Edition

067466048X, 9780674660489

More Books

Students also viewed these Economics questions