All of the following are an example of "off-shoring" EXCEPT
A. Accounting work that is sent over the Internet by a company in Milwaukee, WI to Ireland.
B. An X-ray read by an Indian physician sent over the Internet from Durango, Colorado.
C. Briefs for law firms typed by people in China.
D. A retailer hires a local janitorial firm to clean their stores at night.
D. A retailer hires a local janitorial firm to clean their stores at night.
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The law of diminishing returns to labor implies that
a. capital is more productive than labor b. workers become less efficient once they have a secure job c. output increases at a decreasing rate with the employment of new workers d. employers pay workers a wage rate that is less than the workers' MRP e. capital is less productive than labor
In American politics, we often observe that during a campaign, the Democratic and Republican positions on many issues are similar, which illustrates
a. Arrow's impossibility theorem. b. the Condorcet paradox. c. a Borda count. d. the median voter theorem.
The reason for the different in tax policy and spending policy by the government is due to:
A. the difference in initial spending that results from engaging in tax policy. B. the fact that when the government engages in spending policy, they do it more aggressively. C. people not responding to tax policy as much as spending policy. D. firms drastically responding to tax changes that are implemented.
The exact change in equilibrium output due to a shift in the short-run aggregate demand curve depends on _____
Fill in the blank(s) with the appropriate word(s).