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?
Assignments: (100 points) 1. Calculating Present Value (5 points)– You have just received not
Assignments: (100 points) 1. Calculating Present Value (5 points)– You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you are around to collect), 80 years from now. What is the present value




