O-LevelEconomicsMicroeconomic decision makers2281/12 · May/June 2015 · Q131 Mark
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
✓ Correct answer
B: invention of automated production methods
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