In Theory,some People Might Lose in the Short Run from Outsourcing,but

question 110

Multiple Choice

In theory,some people might lose in the short run from outsourcing,but in the long run,all should benefit.Which option demonstrates that this theory might NOT be true?

• A) Lower labor costs lead to lower prices,so more foreigners can buy imports.
• B) Income earned at outsourced jobs allows foreign workers to purchase imports.
• C) Lower prices allow more consumers to buy the good domestically.
• D) Outsourcing stimulates competition.
• E) Inadequate transition programs hinder the ability of domestic workers,who lost their jobs to outsourcing,to obtain new jobs.

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Definitions:

Committees

Groups of individuals designated to perform a specific function or address issues within an organization, often bringing together expertise from different areas.

Formal Groups

Structured groups within an organization, created deliberately to achieve specific objectives, characterized by defined roles and responsibilities.

Work Groups

Teams within an organization focused on achieving specific goals or completing particular tasks together.

Teams

Groups of people working collaboratively towards a common goal or objective, often within an organizational setting.