Outsourcing is
A) only beneficial to a few select countries.
B) another way for residents of different nations to conduct trade with one another.
C) not beneficial to any country.
D) not beneficial to the consumers who purchase outsourced goods.
Answer: B
You might also like to view...
Infrastructure investment appears to have little impact on economic growth and development
a. True b. False Indicate whether the statement is true or false
An industry with a ________ long-run supply curve is called a constant-cost industry.
A. horizontal B. vertical C. positive sloping D. negative sloping
In which of the given market situations will the largest portion of an excise tax of a specified amount per unit of output be borne by producers?
A. 4.
B. 3.
C. 1.
D. 2.
Measuring the price of gasoline in dollars per quart, an economist calculates the price elasticity of demand to be 1. What would the price elasticity of demand be if the economist had chosen to measure the price in dollars per gallon?
A. .5 B. .25 C. 4 D. 1