Which of the Following Statements Is Most Accurate

question 39

Multiple Choice

Which of the following statements is most accurate?

• A) outsourcing is shrinking; international trade is shrinking
• B) outsourcing is shrinking; international trade is growing
• C) outsourcing is growing; international trade is shrinking
• D) outsourcing is growing; international trade is growing
• E) outsourcing is holding steady, but international trade always shrinks when outsourcing grows

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Definitions:

Utility Functions

Mathematical representations indicating the relationship between a consumer's utility and the consumption of various goods.

Moral Obligation

A duty which one owes, and which one ought to perform, but which is not legally enforceable.

Unregulated Industry

An industry or sector that operates without significant government rules, restrictions, or oversight, often leading to a free market scenario.

Produce

To create or manufacture goods and services through the process of combining labor, materials, and technology.