Describe the economic reasons why businesses use offshoring.
What will be an ideal response?
Off shoring shifts work done in the United States to locations in other nations. While it has long been used in manufacturing, improvements in communication and technology make it possible to use it in services. Off shoring accounts for some U.S. job losses, but these losses from international trade are often offset by gains in productivity and growth of other U.S. jobs.
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The national debt is the total amount the ________ government has borrowed to make expenditures that ________ tax revenue
A) federal; exceed B) state and local; exceed C) state and local; are less than D) federal; are equal to E) federal; are less than
Banks develop statistical models to calculate their maximum loss over a given time period. This approach is known as the
A) stress-testing approach. B) value-at-risk approach. C) trading-loss approach. D) doomsday approach.
OPEC (Organization of Petroleum Exporting Countries) is an example of a cartel in the output market for petroleum. Major League Baseball could be considered a cartel in the __________ market for baseball players
Fill in the blank(s) with correct word
Refer to the information provided in Figure 3.11 below to answer the following question(s).
Figure 3.11Refer to Figure 3.11. An increase in the wage rate of gardenburger makers will cause a movement from Point B on supply curve S2 to
A. Point C on supply curve S2. B. Point A on supply curve S2. C. supply curve S3. D. supply curve S1.