Foreign Outsourcing Is

question 4

Multiple Choice

Foreign outsourcing is

• A)the transfer of operations to foreign contractors.
• B)an example of foreign direct investment.
• C)the substitution of immigration for foreign direct investment.
• D)currently illegal in the U.S.
• E)an example of internalization.

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Definitions:

WARP

The Weak Axiom of Revealed Preference (WARP) is a criterion used to check for consistency in consumer choice behavior under the assumption of rationality.

Bundle

A set of goods or services sold together as a single package.

Revealed Preferences

An economic theory that determines consumer preferences by observing their purchasing behavior rather than through direct inquiry.

Francs

A currency unit formerly used in France and some other countries, and still used in some territories.