Which of the following observations about outsourcing is true for the U.S. economy?
a. The U.S. is the smallest international outsourcer in terms of dollar value.
b. About 30 percent of U.S. manufacturing costs were outsourced in 2003.
c. The highest percentage of outsourcing by U.S. businesses in 2003 was to other firms located in the United States.
d. Imports of business services by the U.S. made up around 2.5 percent of gross domestic product in 2003.
C
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According to the information in the table shown, if someone were to make $35,000, she would be able to buy the most goods and services if she lived in:
This table shows the price-level adjustment as compared to the United States.
A. Australia.
B. the United States.
C. Mexico.
D. China.
Andi uses all of her income to purchase books and games. At any two points A and B on Andi's budget constraint,
a. Andi is spending all of her income on books and games. b. Andi is spending one half of her income on books and the other half of her income on games. c. the price of books relative to the price of games is different. d. All of the above are correct.
Which one of the following is in M2, but not in M1?
A. Currency B. Checking deposits C. Small denomination time deposits D. Travelers checks
Which statement is true?
A. There is no evidence whatsoever to support the contention that women, blacks, Hispanics, and other minorities are victims of employment discrimination. B. The relatively lower wages earned by women and minorities can be explained entirely by employment discrimination. C. The poverty of women, blacks, and Hispanics can be explained almost entirely by their low earnings. D. None of these statements are true.