Offshoring often results from:
A. diminished human capital of American workers.
B. overly restrictive trade policies.
C. a change in comparative advantage.
D. a desire to help out workers in low-income economies.
C. a change in comparative advantage.
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Consider a regression with two variables, in which X1i is the variable of interest and X2i is the control variable. Conditional mean independence requires
A) E(ui|X1i, X2i) = E(ui|X2i) B) E(ui|X1i, X2i) = E(ui|X1i) C) E(ui|X1i) = E(ui|X2i) D) E(ui) = E(ui|X2i)
In cases of natural monopolies, society would be better off with many firms competing with each other.
Answer the following statement true (T) or false (F)
Assume that the central bank purchases government securities in the open market. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real GDP and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. Real GDP falls, and net nonreserve-related international borrowing/lending becomes s more negative (or less positive). b. Real GDP rises, and net nonreserve-related international borrowing/lending becomes s more negative (or less positive). c. Real GDP falls, and net nonreserve-related international borrowing/lending becomes s more positive (or less negative). d. Real GDP and net nonreserve-related international borrowing/lending remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The World Bank defines extreme poverty as income of less than $1.90 per day per person.
Answer the following statement true (T) or false (F)