Which of the following is a major reason for offshoring?
a. The gradual diminishing of global technological advances.
b. Increased global demand for services.
c. Reductions in international trade barriers.
d. All of the above are major reasons for offshoring.
.C
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If the federal government has a budget surplus, then it is definitely the case that
A) tax revenue exceeds government outlays. B) tax revenue and government outlays are equal. C) the tax revenue is falling and government outlays are rising. D) government outlays exceed tax revenue. E) the tax revenue is rising and government outlays are falling.
Refer to the production possibility graph above. Assume that the economy is in equilibrium at point e. If the labor supply increases due to immigration, the new equilibrium is most likely to be
A) point h. B) point f. C) point d. D) point e. E) point b.