Outsourcing refers to the process in which:
a. a firm purchases service from another firm in another country.
b. a firm hires laborers from a foreign market.
c. the government of a country works toward providing social security and other rights to migrant workers.
d. a firm purchases service from another firm
e. workers of a particular country seek employment in a firm of a foreign country.
d
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If the demand curve a firm faces shifts to the right, usually:
a. it would be impossible to tell whether the marginal revenue curve shifts. b. the marginal revenue curve would shift to the left. c. the marginal revenue curve would shift to the right. d. the marginal revenue curve would not shift.
An increase in wages will cause the aggregate supply curve to
a. shift outward. b. shift inward. c. become flatter. d. become steeper.
It is _______ that protection makes a nation worse off because it induces the firms in that nation to produce more of the goods that are costly to make and; it is _____ that one nation can gain from international trade only at the expense of other nations.
A. true; true B. false; false C. false; true D. true; false
The economy has been slowing, and the Fed wants to quickly give it a meaningful boost. However, the Fed does not want to make a public announcement or engage in a lot of political debate. Of the tools available to the Fed, which is its best option?
a. discount rate management b. interest rate changes c. reserve requirement alterations d. open market operations