A U.S. firm that outsources jobs would be
A. Buying raw materials from a Chinese firm instead of a U.S. firm.
B. Buying computers assembled in Mexico that used U.S. parts.
C. Building a factory in Canada and hiring Canadian workers.
D. All of the choices are correct.
Answer: D
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Writer Thomas Friedman asserts that "America is the greatest engine of innovation that has ever existed and it can't be duplicated anytime soon, because"
A. of its extreme freedom of thought. B. of its emphasis on independent thinking. C. of its steady immigration of new minds. D. of all of the factors listed.
For a perfectly competitive firm
A. price is greater than marginal revenue. B. price is less than marginal revenue. C. price equals marginal revenue. D. there is no relationship between price and marginal revenue.