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Over several decades, some industries, such as textile and clothing, which were once a significant part of the U.S. economy, have shifted manufacturing

August 7, 2024

Over several decades, some industries, such as textile and clothing, which were once a significant part of the U.S. economy, have shifted manufacturing abroad. Using the idea of opportunity cost, provide an explanation of the reasoning behind this shift. How has this shift affected economic well-being locally? How do the gains compare to the losses?

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