Outsourcing is a logical extension of David Ricardo's 1817 _____________
a. Theory of Pro-Active Stress
b. Peter Principle
c. Theory of Comparative Advantage
d. Theory of Dometic Economics
C, P. 329
You might also like to view...
The alteration of exchange rates to move the economy to internal and external balance may lead to all EXCEPT
A) a balance of payments crisis. B) changes in the terms of trade. C) changes in the level of imports or exports. D) changes in interest rates. E) a guaranteed unilateral improvement in economic wealth.
According to the Keynesian fixed wage theory, real wages should be
a. positively correlated with income. b. not correlated with income. c. fixed. d. negatively correlated with income.
Which of the following experiments will yield observations that would allow one to calculate the marginal physical product of labor?
a. increase the number of lumberjacks with chain saws and observe the change in output of cut trees b. increase the number of workers on an assembly line and record the change in output c. Both a and b are correct. d. Neither a nor b are correct.
Demand curves can be affected by the prices of related goods
a. True b. False Indicate whether the statement is true or false