A clear conclusion from offshoring debates and analyses is that:
a. It has significant potential to redistribute income from labor to businesses.
b. Its effect is to increase unemployment in the nation from which offshoring takes.
c. Its effect is always to decrease GDP in the nation from which offshoring takes.
d. All of the above are clear conclusions from these debates and analyses.
.A
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In the case of Commonwealth v. Hunt (1842), the Massachusetts Court held that labor unions are not necessarily illegal. They may stop work and boycott products without committing unlawful acts
Indicate whether the statement is true or false
Deficit spending
What will be an ideal response?
To avoid the free-rider problem, which of the following goods is best provided by the government and paid for with tax dollars?
A. automobiles B. lighthouses C. bread D. windows
All of the following statements regarding the marginal revenue product (MRP) curve and the demand for labor are true EXCEPT
A) an individual firm's demand for labor is its MRP curve. B) under conditions of perfect competition, MRP equals marginal physical product multiplied by the product's price. C) an increase in the market demand for a given product decreases the product's price. D) the demand for labor is a derived demand.