"Offshoring" refers to:
A. importing goods, services, and resources.
B. stashing money in offshore accounts for the purpose of avoiding taxes.
C. shifting work overseas that was previously done domestically.
D. exporting key resources.
C. shifting work overseas that was previously done domestically.
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Which of the following paired concepts are equivalent to each other?
a) increasing returns; diseconomies of scale b) increasing returns; increasing costs c) increasing returns; decreasing costs d) increasing costs; economies of scale e) constant costs; economies of scale
The unemployment rate tells us
A) the fraction of people who want to be working but are not. B) the fraction of people who are not working and do not want to be working. C) the fraction of people who are not working and have quit looking for jobs. D) all of the above