What is offshore outsourcing? Who benefits from it and who loses?
What will be an ideal response?
Offshore outsourcing occurs when a firm in the United States buys finished goods, components, or services from firms in other countries. Workers who have skills for jobs that have been sent abroad lose from offshore outsourcing. Consumers who consume the goods and services produced abroad and imported into the United States benefit.
Economics
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What decisions must a firm make to maximize profit?
What will be an ideal response?
Economics
The slope of the aggregate supply curve becomes steeper, the faster the costs of production adjust to prices and the smaller the amount of excess capacity in the economy
a. True b. False Indicate whether the statement is true or false
Economics