A U.S. company is attempting to cut costs by shifting some of its services to Thailand. This process of shifting production of products or services overseas to cut costs often results in:
A. greater potential for market failure for those products and services.
B. greater economic uncertainty in the market for those products and services.
C. lower consumer prices on those products or services.
D. lower production quantities of those products or services.
Answer: C
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Answer the following statement true (T) or false (F)
Warranties in the used car market ________ the problem of private information thereby causing the price of good and bad used cars to ________
A) reduce; be the same B) reduce; differ C) magnify; be the same D) magnify; differ
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