Which of the Following Statements Is True

question 10

Multiple Choice

Which of the following statements is true?

• A)When firms outsource jobs to other locations, costs of production fall and the supply of the product increases.The price of the product falls and the quantity demanded increases.Because of this both firms and consumers benefit from the impact of outsourcing on home country product markets.
• B)When firms outsource jobs to other locations, costs of production increases and the supply of the product decreases.The price of the product increases and the quantity demanded decreases.Because of this, both firms and consumers lose from the impact of outsourcing on home country product markets.
• C)When firms outsource jobs to other locations, costs of production increases and the demand of the product decreases.The price of the product decreases and the quantity demanded decreases.Because of this, both firms and consumers lose from the impact of outsourcing on home country product markets.
• D)When firms outsource jobs to other locations, costs of production fall and the supply of the product decreases.The price of the product increases and the quantity demanded decreases.Because of this, both firms and consumers lose from the impact of outsourcing on home country product markets.

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Definitions:

Aggression

Behavior aimed at causing harm or injury to others, either physically or psychologically.

Instrumental Aggression

Aggressive behavior that is intentional and planned, used as a means to achieve a specific goal.

Other Goal

A target or objective that a person aims to achieve that is external to their personal desires or needs, often involving social or communal aims.

Serotonin

A neurotransmitter that regulates our experience of negative affect.