Which of the following statements is true?
A) When firms outsource jobs to other locations, costs of production fall and the supply of the product increases.The price of the product falls and the quantity demanded increases.Because of this both firms and consumers benefit from the impact of outsourcing on home country product markets.
B) When firms outsource jobs to other locations, costs of production increases and the supply of the product decreases.The price of the product increases and the quantity demanded decreases.Because of this, both firms and consumers lose from the impact of outsourcing on home country product markets.
C) When firms outsource jobs to other locations, costs of production increases and the demand of the product decreases.The price of the product decreases and the quantity demanded decreases.Because of this, both firms and consumers lose from the impact of outsourcing on home country product markets.
D) When firms outsource jobs to other locations, costs of production fall and the supply of the product decreases.The price of the product increases and the quantity demanded decreases.Because of this, both firms and consumers lose from the impact of outsourcing on home country product markets.
Correct Answer:
Verified
Q23: Emigration causes a decrease in
A)the quantity supplied
Q24: Explain the four predictions about immigration.
Q25: Losers from outsourcing and offshoring are
A)workers.
B)firms.
C)economies.
D)both workers
Q26: An increase in _ is caused by
Q27: Widgets Inc, an international corporation, is moving
Q29: Use the graph to answer questions
Q30: When workers emigrate from the home country
A)firms
Q31: In labor markets, native workers who are
Q32: When immigrants are relatively low-skilled, they are
Q33: Impacts of immigration on host countries can
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