Outsourcing is
A) one of the factors that shifts the supply of labor curve.
B) when a firm employs labor outside the country in which the firm is located.
C) when the change in the price of a complementary input causes the demand for labor curve to shift in the opposite direction.
D) the cost of using an additional unit of an input.
Answer: B
You might also like to view...
The table above gives some of the accounts of the United States in 2020
a) What is the private sector balance? b) What is the government sector balance? c) What is net exports?
As you move rightward on a marginal cost of abatement curve, emissions are
A) falling, and the cost of eliminating the marginal unit falls. B) rising, and the cost of eliminating the marginal unit falls. C) falling, and the cost of eliminating the marginal unit rises. D) rising, and the cost of eliminating the marginal unit rises. E) rising, and the cost of eliminating the marginal unit is constant.
NetJets, which is the first time-share program for aircraft, cuts transaction costs by:
a. providing economic service to its passengers. b. being responsible for crews, maintenance, and compliance with Federal regulation. c. reducing the time taken for traveling between destinations. d. allowing owners to transfer their shares, change the size of their shares, and purchase shares of other planes.
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. A soybean farmer's ________ level of output is 1,000 units of output.
A. loss-minimizing B. shut-down C. break-even D. profit-maximizing