Supporters of offshoring claim that its benefits include:
A. increased demand for workers in complementary jobs.
B. keeping U.S. firms profitable by lowering production costs.
C. reduced prices for consumers.
D. all of these.
D. all of these.
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A short-run decision by a firm to not produce anything during a specific period is referred to as a(n):
A) lockout. B) shutdown. C) buyout. D) exit.
If the donut industry is perfectly competitive and is in long-run equilibrium, then the price of a donut
A) is greater than marginal cost. B) is greater than short-run average cost. C) is greater than long-run average cost. D) equals long-run average cost.
Over the last 140 years or so, on average Canada's real GDP per-person grew faster than that of the U.K
a. True b. False Indicate whether the statement is true or false
In industrially advanced countries, estimates suggest the income elasticity of demand for health care is about:
A. +3. B. +6. C. - 2. D. +1.