Which of the following statements is true?
A) Firms usually tend to lay off workers than cut wages to reduce costs.
B) Firms tend to increase wages in periods of contracting economic activity to boost morale.
C) Firms tend to decrease wages in periods of contracting economic activity to boost labor productivity.
D) Firms usually tend to cut wages than lay off people to cut costs.
A
Economics
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Offshoring by domestic firms causes job losses rather than job expansion in the home market
Indicate whether the statement is true or false
Economics
The primary interest of firms engaging in offshoring is to find lower wages and to decrease production costs
Indicate whether the statement is true or false
Economics