According to Samuelson,the Ability to Offshore Service Jobs That Traditionally

question 102

Multiple Choice

According to Samuelson,the ability to offshore service jobs that traditionally were not internationally mobile,coupled with rapid advances in communications technology and the productivity of foreign labor due to better education have an effect on middle-class wages in the United States that can be similar to:

• A)mass inward migration into the United States.
• B)improvement in the standard of living in the United States.
• C)better employability of United States labor.
• D)a substantial hike in the market clearing wage rate.

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Definitions:

Consolidating Entries

Journal entries made in the preparation of consolidated financial statements to remove the effects of intercompany transactions among the entities within a consolidated group.

External Parties

Individuals or entities that are not part of a firm but are interested in its financial information, such as investors, creditors, or regulatory agencies.

Parent Company

A company that holds a controlling interest in other companies, known as subsidiaries, by owning more than half of their stock or having the power to control their operations.

Share Capital

The amount of money that a company raises through the issuance of shares to shareholders, representing the equity funding of the company.