A firm's employment of labor outside the country in which the firm is located
A) is outsourcing.
B) shifts the supply of labor in the original country.
C) is the marginal revenue product.
D) shifts the supply of labor in the other country.
A
You might also like to view...
Foreign aid, royalties earned abroad, and long-term capital flows are part of the current account
a. True b. False Indicate whether the statement is true or false
Some high-end retail stores that distribute mail-order catalogs will prominently offer some very high priced goods for sale (for example, a luxury sports car with gold-plated interior trim) in addition to their regular line of merchandise
Behavioral economists argue that the stores do not really plan to sell these goods, but they use these items to provide the customers with a high reference point for the prices of the other goods in the catalog. This practice is an example of: A) the ultimatim game. B) loss aversion. C) anchoring. D) none of the above