The U.S. outsourcing debate reminds us that:
a. International trade is a zero-sum game.
b. Outsourcing provides few, if any, benefits to the nation from which outsourcing occurs.
c. Outsourcing is a way for companies to transform fixed costs into variable costs.
d. All of these statements are correct.
.C
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Government purchases in national income accounts would include payments for ________.
A. unemployment benefits B. salaries for current U.S. military officers C. public assistance for welfare recipients D. Social Security checks to retirees
Which of the following factors tends to lower the average wages for women?
a. Women leaving the workforce to raise their children b. Women receiving less than one-third of all advanced degrees c. Fewer women earning college degrees than in the past d. Fewer women seeking experience in the service industry
A government agricultural policy that restricts output by limiting the number of farm acres that can be used to produce a particular crop is the
A) marketing quota system. B) acreage allotment program. C) price support program. D) target price system. E) paying farmers not to produce system.
Refer to the diagram. At output level Q total cost is:
A. 0BEQ.
B. BCDE.
A. 0BEQ.
B. BCDE.