Outsourcing is

A) one of the factors that shifts the supply of labor curve.
B) when a firm employs labor outside the country in which the firm is located.
C) when the change in the price of a complementary input causes the demand for labor curve to shift in the opposite direction.
D) the cost of using an additional unit of an input.

Answer: B

Economics

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Refer to the accompanying figure. Moving from demand curve D2 to demand curve D1 could be caused by a(n):

A. increase in the product's expected future price. B. increase in the price of a substitute. C. increase in quantity supplied. D. increase in the price of a complement.

Economics

In Figure 32.1, at the market equilibrium price-quantity combination, the total variable cost to producers isĀ 

A. 0HGQD. B. 0HCQ*. C. 0ABQD. D. 0HEQS.

Economics