Which of the following statements is FALSE about the long-run effects of outsourcing?
A) Outsourcing allows countries to specialize in producing what they can produce most efficiently.
B) More goods and services can be produced than in the absence of outsourcing.
C) Globally wages will increase because of outsourcing.
D) Employment levels will decrease globally as the result of outsourcing.
Correct Answer:
Verified
Q283: Suppose a U.S. computer company outsources its
Q284: What are the short-run economic effects when
Q285: Outsourcing is
A) one of the factors that
Q286: A firm's employment of labor outside the
Q287: When Canadian firms outsource accounting services to
Q289: Outsourcing is
A) only beneficial to a few
Q290: Outsourcing is being practiced by
A) U.S. firms
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