Supporters of offshoring claim that its benefits include:
A. increased demand for workers in complementary jobs.
B. keeping U.S. firms profitable by lowering production costs.
C. reduced prices for consumers.
D. all of these.
D. all of these.
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Critics of targeting a zero inflation rate believe that achieving zero inflation is almost impossible and the costs are too high
a. True b. False Indicate whether the statement is true or false
Sometimes economists disagree because their values differ. Which of the following instances best reflects this source of disagreement?
a. One economist believes the North American Free Trade Agreement (NAFTA) has led to a loss of American jobs; another economist disputes this claim. b. One economist believes that when income taxes are cut, people will increase their spending; another economist believes that when income taxes are cut, people will increase their saving. c. One economist advises against increases in sales taxes because she thinks such increases are unfair to low-income people; another economist disputes the idea that increases in sales taxes are unfair to low-income people. d. One economist believes that, prior to the Civil War, slavery contributed to economic growth in the South; another economist believes that slavery held back the South's economic growth.