Multiple Choice

A U.S. town's economy was heavily concentrated in textile and small electronics manufacturing in the late 1990s. Between 2001 and 2010, the town saw a rapid closure of its major factories, a sharp rise in unemployment, and a significant drop in local wages as displaced workers competed for fewer, lower-paying service jobs. Which of the following events provides the most direct explanation for this specific local economic decline?

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Updated 2025-09-17

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