The practice of outsourcing has been given a boost by
A) advances in telecommunications and computer networking.
B) support from organized labor.
C) firms that are becoming more risk-averse.
D) sharp increases in the cost of overseas labor.
Answer: A
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Which of the following could decrease the demand for yen in the foreign exchange market?
a. a higher inflation rate in Japan b. higher interest rates in Japan c. lower prices in the U.S. d. a depreciation of the dollar e. an appreciation of other currencies
Why doesn't the minimum job proposal offer jobs commensurate with people's skills and education?
A. These people can find such jobs in the marketplace because their skills are valued, making them in high demand. B. These people are holding out for a job in the marketplace. Providing them with jobs wouldn't be offering a minimum job, which is the program's objective. C. The monitoring costs of such a job would be too high, because people will claim to have high skills when they really don't. D. The proposal doesn't believe these people provide more productive skills that other workers.
Since the minimum wage rate began it has typically stayed at about what percentage of the average manufacturing wage?
A. 20-30% B. 40-50% C. 5-10% D. 80-90%
From 1978 to 2003, the economy of ________ grew on average 9 percent per year, a rate faster than any other country in the world.
A. China B. India C. Russia D. the United States