Economics · May / June 2023 · Paper 12 · Question 26
2281Differences in economic development between countries
What is not a reason for the decline in manufacturing industries in developed economies in recent years?
- Agrowth of newly industrialised competitor countries
- Binvention of automated production methods
- Crising costs of factor inputs in the steel industry
- Dconsiderable skill shortages as school-leavers prefer to work in the service sector
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Correct answer: B. invention of automated production methods
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