Outsourcing is the
A. Loss of output because of an increase in unemployment.
B. Unemployment that is inevitable when jobs leave a country.
C. Relocation of production from domestic companies to foreign countries.
D. Movement of workers to foreign countries where there are more jobs.
Answer: C
Economics
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A factory closes, laying off hundreds of workers, and consumer spending in the town falls. What factor is affecting demand?
a. consumer expectation b. consumer taste c. income d. substitutes
Economics
Marginal utility diminishes more quickly:
a. the less durable the good is. b. the greater the number of consumers consuming the good. c. the shorter the time period between two successive consumptions. d. the greater the number of firms producing the good. e. the cheaper the good is.
Economics