What does research thus far suggest about job loss and offshoring?
What will be an ideal response?
That outsourcing can be complementary and not just a substitute for domestic labor
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An increase in the price of a good could be caused by a. An increase in supply
b. An increase in demand. c. A decrease in supply and an increase in demand. d. Either b. or c.
In the short run, costs that arise from resources that cannot vary in quantity are known as ____________, whereas costs from inputs that can vary in quantity are known as ____________
a. fixed costs; variable costs b. explicit costs; implicit costs c. opportunity costs; variable costs d. fixed costs; opportunity costs e. variable costs; fixed costs
If a private bank lends money to another bank, the interest rate that is charged for the loan is the:
A. Discount rate B. Prime rate C. Federal funds rate D. Loan rate
$10 per hour.
What will be an ideal response?