A firm's employment of labor outside the country in which the firm is located is called

Question

Quizplus · Accepted Answer

Outsourcing refers to a firm's decision to employ labor outside the country where the firm is located. Featherbedding refers to a practice where a firm hires more workers than required, while lockout refers to a situation where an employer prevents workers from entering the workplace during a labor dispute. Dumping refers to a situation where a firm sells products in foreign markets at prices lower than the costs of production, which can be considered as unfair trade practice.

A Firm's Employment of Labor Outside the Country in Which