Solved

What Do the Liberal Economic Theory and Empirical Evidence Show

Question 34

Multiple Choice

What do the liberal economic theory and empirical evidence show regarding the effects of outsourcing?


A) Even if outsourcing decreases the wage levels of some states, the decreasing wage level is offset by an increase in purchasing power.
B) Even if outsourcing decreases the wage levels of some states, low wage levels tend to result in high levels of unemployment.
C) Even if outsourcing decreases the wage levels of some states, inflation tends to occur in globalized states.
D) Even if outsourcing decreases the wage levels of some states, in the long run, there is no incentive for companies to hire domestic labor.

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