Outsourcing Is the

question 83

Multiple Choice

Outsourcing is the

• A)Unemployment that is inevitable when jobs leave a country.
• B)Relocation of production from domestic companies to foreign countries.
• C)Loss of output because of an increase in unemployment.
• D)Movement of workers to foreign countries where there are more jobs.

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Definitions:

Bank Deposits

Funds that customers place into banking institutions for safekeeping and to earn interest.

Asymmetric Information

A situation in markets where one party in a transaction has more or superior information compared to another.

Independent Agency

An independent agency is a governmental body designed to operate independently of political influence, often responsible for regulating certain aspects of the economy or society.

Safety Risks

Safety risks refer to potential sources of danger or harm that could result in injury or health hazards in various environments, including workplaces, homes, and public spaces.