A characteristic of outsourcing is
a. completely unrelated to vertical integration
b. likely to be profitable exactly when vertical integration is profitable
c. it prevents a firm from focusing on its core competencies
d. can allow for the exploitation of differing degrees of economies of scale at different points in the supply chain
d
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Why do some workers lose their job when the minimum wage is increased?
A) The increase in labor costs decreases the supply of the product, thereby raising the price of the good so that the equilibrium quantity decreases to zero. B) The increase in the minimum wage decreases the quantity of labor demanded. C) The demand for labor is perfectly inelastic. D) The supply of labor decreases. E) The demand for labor is perfectly elastic.
Some degree of unemployment is __________ in a complex economy
Fill in the blank(s) with correct word