A U.S. company is attempting to cut costs by shifting some of its services to Thailand. This process of shifting production of products or services overseas to cut costs often results in:
A. greater potential for market failure for those products and services.
B. greater economic uncertainty in the market for those products and services.
C. lower consumer prices on those products or services.
D. lower production quantities of those products or services.
Answer: C
You might also like to view...
An economy's production function is Y = A , and the economy's total output in equilibrium is $800 billion. Total capital income in this economy is ________
A) $200 billion B) $25 billion C) $750 billion D) $267 billion E) none of the above
The owners of professional sports teams, such as those in the NFL, make collective decisions and agreements about sharing merchandising and television revenue, adding or disallowing expansion teams, and the scheduling of games. These decisions and agreements reflect that of a
a. monopoly b. cartel c. conglomerate firm d. vertical merger e. competitive industry