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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 54
Practical Application: You own a furniture manufacturing company that employs 200 people, many of whom have worked for you for over 20 years. Although your company is profitable, you could raise your profits by 20 to 30 percent by shifting your production to Southeast Asia. Will you move your operations abroad? Explain why or why not.
Explanation
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You would, of course, be tempted to rais...
Macroeconomics 11th Edition by Stephen Slavin
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