QUESTION IMAGE
Question
how did foreign competition affect north carolinas furniture industry?
more factories opened to stay competitive.
factories were closed and jobs were lost.
furniture makers were forced to increase production.
workers salaries were doubled as the industry grew.
Brief Explanations
Foreign competition often leads to cost - pressure. Cheaper imports can make domestic production less viable, causing factory closures and job losses.
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B. Factories were closed and jobs were lost.