Which of the Following Statements Is FALSE About the Long-Run

question 123

Multiple Choice

Which of the following statements is FALSE about the long-run effects of outsourcing?

• A) Outsourcing allows countries to specialize in producing what they can produce most efficiently.
• B) More goods and services can be produced than in the absence of outsourcing.
• C) Globally wages will increase because of outsourcing.
• D) Employment levels will decrease globally as the result of outsourcing.

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Definitions:

Importer

An entity that brings goods or services into a country from abroad for sale.

Proportions

Statements that two ratios are equal, showing the equivalence between two sets of numbers or measurements.

Unknown Quantities

Unknown Quantities are values in mathematical equations or problems that have not been determined or identified yet.

High-Definition Movie

A movie with a resolution that significantly exceeds that of standard-definition, providing a sharper and clearer image.