Page 1Page 2NameECONOMICS 452 QUIZ 5A“The Strange Life of Low-tech America” The Economist 10-17-19981. According to the article, what are some low-tech products that remain producedin the United States?2. What business is the second largest employer in Los Angeles? What has helpedto renew this industry?3. What is the average hourly wage plus fringe benefits in the manufacturingsector in the United States? What can explain much of the pay gap between theUnited States and developing countries?4. How do transportation costs help keep low-tech production in the UnitedStates? Trade barriers? Taste bias toward locally produced goods?5. What makes proximity (being close) to the market important? How doesdifficulty transferring skills matter?6. How might low-tech industries be able to adjust to keep their costs low despitea high expense of labor? How can U.S. firms remain one step ahead of low-costcompetitors?7. In what key sector are U.S. firms still protected from cheaper Canadianproducers despite NAFTA?8. OPTIONAL BONUS POINT: Provide current evidence of a low-tech good stillproduced in the United States, such as a quote with source (URL or copy of pagefrom company document), photo or scan of “Made in USA” label on package,
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