Solved

Which of the Following Statements Is True

Question 28

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents