Which of the following statements describes the long-run effects of global outsourcing?
A) Wages for U.S. workers will decrease but wages in other countries will increase.
B) Wages in all countries will remain the same as before the outsourcing.
C) Wages and employment will increase globally.
D) Wages will increase globally and employment will stay the same.
Correct Answer:
Verified
Q289: Outsourcing is
A) only beneficial to a few
Q290: Outsourcing is being practiced by
A) U.S. firms
Q291: Q292: Employment of labor in a country other Q293: Some companies are having their technical support Q295: Which of the following is an example Q296: What are the short-run economic effects when Q297: Explain the implications of outsourcing for employment Q298: When firms in a U.S. industry outsource Q299: Economic analysis indicates the net long-run effect
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