One reason some manufacturing companies have moved production from overseas locations back to the United States is rising foreign labor costs.Assuming that managers at these companies used all available information, including the rising cost of foreign labor, when making the decision to move production back to the United States exemplifies which key economic idea?

Question

Quizplus · Accepted Answer

Managers using all available information to make a decision reflects the idea that people are rational, as they are weighing costs and benefits to make informed choices.

One Reason Some Manufacturing Companies Have Moved Production from Overseas