Outsourcing is being practiced by
A) U.S. firms that want to keep jobs at home in the United States.
B) overseas firms hiring in the U.S. labor market and by U.S. firms hiring in foreign labor markets with lower wages.
C) U.S. firms only.
D) governments but private firms are not allowed to outsource work.
Answer: B
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A) rise by $1 million B) decline by $1 million C) rise by $8 million D) rise by $12.5 million
Economies of large-scale production may exist in some forms of production, so larger markets associated with greater populations can lead to more efficiently sized production units
a. True b. False Indicate whether the statement is true or false
The size of the simple spending multiplier is determined by the proportion of each new dollar that households decide to spend and how much they decide to save
a. True b. False Indicate whether the statement is true or false
Which of the following is a land resource?
A. A farmer. B. An oil drilling rig. C. A machine for detecting earthquakes. D. Natural gas.