A firm's employment of labor outside the country in which the firm is located is called

A) featherbedding.
B) a lockout.
C) outsourcing.
D) dumping.

Answer: C

Economics

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A decrease in the supply of money will, according to the quantity theory of money, lead to

A) a higher price level. B) a higher nominal Gross Domestic Product (GDP). C) a lower real Gross Domestic Product (GDP). D) a lower price level.

Economics

Which of the following three statements is true: I) The amount of capital equipment a firm wishes to buy depends on the rate of interest; II) The amount of capital equipment a firm wishes to buy depends on the purchase price of capital; III) The amount of capital equipment a firm wishes to buy depends on the rates of technological and physical depreciation.

A. I and II B. I C. II D. All three statements are true.

Economics