All of the following are an example of "off-shoring" EXCEPT
A. Accounting work that is sent over the Internet by a company in Milwaukee, WI to Ireland.
B. An X-ray read by an Indian physician sent over the Internet from Durango, Colorado.
C. Briefs for law firms typed by people in China.
D. A retailer hires a local janitorial firm to clean their stores at night.
D. A retailer hires a local janitorial firm to clean their stores at night.
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The dollar value of the maximum amount one can consume over a given period without reducing the value of one's wealth is the _____
a. definition of income used to approximate in-kind benefits b. Fisher definition of income c. Laffer definition of income d. Haig-Simons definition of income
Figure 9-7 shows cost curves for Penny’s Parasols, a perfectly competitive firm. At which of the points would Penny’s Parasols be certain to close down?
a.
A
b.
B
c.
C
d.
D
e.
E