Even If Outsourcing Decreases the Wage Levels of Some States

question 33

Multiple Choice

Even if outsourcing decreases the wage levels of some states, liberal economic theory and empirical evidence show that

• A) the decreasing wage level is offset by an increase in purchasing power.
• B) low wage levels tend to result in high levels of unemployment.
• C) inflation tends to occur in globalized states.
• D) in the long run, there is no incentive for companies to hire domestic labor.

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Definitions:

Prostate Gland

A gland in the male reproductive system that surrounds the neck of the bladder and urethra, producing a fluid that is a component of semen.

Epididymis

An elongated, twisted duct responsible for holding and transporting sperm from the testicles to the vas deferens.

Ductus Deferens

A muscular tube in the male reproductive system that carries sperm from the epididymis to the ejaculatory duct.

Ejaculatory Duct

A duct through which semen is ejected into the urethra in preparation for ejaculation.