A clear conclusion from offshoring debates and analyses is that:
a. Offshoring increases overall unemployment in the nation from which offshoring takes place.
b. Offshoring's main effect is to decrease GDP in the nation from which offshoring takes.
c. Offshoring could increase or decrease unemployment in the nation from which it takes place; the result depends on the circumstances.
d. Offshoring results in net losses to the global economic community.
.C
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Complete the following logical statement: "Because of, individuals and societies must make choices, and they must therefore consider the opportunity cost of every action."
Comparative advantage is the ability of a country to produce a good at a ________ opportunity cost relative to other countries
a. higher b. lower c. equivalent d. none of the above
The tendency of the prices of identical baskets of goods across countries to converge: a. Is stronger to the extent the countries compared have substantial tariffs on imported goods
b. Is weaker, the higher the cost of transporting the goods between countries. c. Is stronger for goods and services not traded internationally. d. Would tend to become weaker when countries eliminated quotas on imports of the goods in the baskets.
First, briefly explain what the user cost or rental cost of capital represents. Second, explain what factors would cause an increase in the user cost or rental cost of capital
What will be an ideal response?