Compared to other countries,the U.S.government is very concerned with intellectual property rights.This can explain,in part,the success of its software,computer and other electronic industries.
Governments,not markets,have the best record of allocating investment resources into those projects with the highest expected rate of return.
Industrial growth and location changed while manufacturing employment rose in the Sun Belt and fell in the Frost Belt.This growth and relocation were primarily due to the relocation of plants,functions and people moving from the Frost Belt to the Sun Belt.
Low-wage manufacturing industries exhibit which of the following?
(a) Low output per worker
(b) Added value that rises above labor's share of total employment
(c) Highly educated and skilled workers
(d) All of the above