Supporters of Offshoring Claim That Its Benefits Include

question 115

Multiple Choice

Supporters of offshoring claim that its benefits include:

• A) increased demand for workers in complementary jobs.
• B) keeping U.S.firms profitable by lowering production costs.
• C) reduced prices for consumers.
• D) all of these.

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Definitions:

Bootstrap Confidence Intervals

A statistical technique that involves resampling with replacement to estimate the distribution of an estimator and compute its confidence intervals.

Small Samples

Refers to a group or set in a study that is limited in number, which may affect the statistical significance and generalizations.

Accuracy

A measure of how close a computed or measured value is to its true value, often used in the context of predictions, measurements, or calculations.

Interval Length

Interval length refers to the distance or difference between the lower and upper boundaries of an interval in mathematics or statistics.