Mr. X works in the warehouse of a large textile firm located in the United States. The firm outsources the production of its textiles to another nation. Which of the following is an example of the possible scale effect of this event on Mr. X
A) the outsources of production workers causes the firm to reduces the company's demand for warehouse workers in the United States and increase its demand for warehouse workers in the other nation.
B) the lower price of the textiles causes his firm to sell more textiles, increasing its demand for warehouse workers.
C) Both of the above.
D) Neither of the above.
Correct Answer:
Verified
Q7: Nation X can produce with one unit
Q14: Which of the following is NOT a
Q19: Which of the following is NOT part
Q21: Nation X major agriculture product, before trade,
Q21: In one hour,Mr.X can produce 50 cans
Q22: Nation X produces and consumes only one
Q23: Studies have shown that government retraining programs
A)
Q26: When companies outsource jobs to foreign countries,the
Q28: Imports of goods and services from foreign
Q37: The compensation principle suggested by normative economics,which
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents