Liberalism aims to raise the welfare of the worst-off person in society. This rule is called the

The tertiary sector of the economy employs housecleaners, restaurant help and hotel employees; it does not employ private consultants, accountants, nanotechnologists, managers and other professionals

Indicate whether the statement is true or false

Suppose that U.S. firms outsource computer manufacturing jobs to China, it is expected that

A) the wage rate for workers manufacturing computers will decrease in the U.S. but increase in China. B) the wage rate for workers manufacturing computers will increase in the U.S. but decrease in China. C) the wage rate for workers manufacturing computers will increase in both the U.S. and China. D) the wage rate for workers manufacturing computers will decrease in both the U.S. and China.