Offshoring refers to the the process in which:
a. a firm hires laborers from a foreign market
b. a firm purchases service from another firm.
c. a firm purchases service from another firm in another country.
d. workers of a particular country seek employment in a firm of a foreign country.
e. the government of a country works toward providing social security and other rights to migrant workers.
c
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If compared against other criteria for evaluating the public interest, the social welfare function is most comparable to _____
a. utilitarianism b. the Pareto criteria c. the potential compensation criterion d. cost-benefit analysis
Assuming that progressive taxation is desirable, a consumption tax calculated by subtracting saving from income would be preferable to a general sales-based consumption tax
a. True b. False
John Nash shared the Nobel Prize in Economics with:
A. John Harsanyi and Reinhard Selton. B. Reinhard Selton. C. Robert Auman and Reinhard Selton. D. Milton Friedman.
Monopolistic competition has at least one similarity to perfect competition: firms are free to enter and leave the industry
a. True b. False Indicate whether the statement is true or false