The United States Benefits from Outsourcing in All of the Following

question 214

Multiple Choice

The United States benefits from outsourcing in all of the following ways EXCEPT

• A) reduced costs and increased competitiveness for American producers.
• B) new exports for American producers.
• C) repatriated earnings into the American economy.
• D) less tax revenue for the American government.

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Definitions:

Marginal Expenditure

The extra expense that comes from buying an additional unit of a product or service.

Labor Market

The marketplace in which employers find workers and workers find jobs, characterized by the supply and demand for labor.

Wage Rate

The wage rate is the amount of money paid to a worker per unit of time, often hourly or annually, in exchange for their labor in producing goods or services.

Productive Workers

Individuals who efficiently produce goods or services, contributing to the overall output of a business or economy.