The Figure Given Below Shows the Demand Curve in the U.S

question 93

Multiple Choice

The figure given below shows the demand curve in the U.S. and the cost curves in U.S. and India.Figure: 16.4
In the figure:
MC: Marginal cost curve
ATC: Average total cost curve
D: Demand curve in the U.S.MR: Marginal revenue curve in the U.S.
-According to Figure 16.4, one of the possible outcomes of such offshoring is that:

• A)the price of the good in question rises in the U.S. market.
• B)the demand for Indian worker declines.
• C)the demand for U.S. workers increase.
• D)the price of the good in question rises in the Indian market.
• E)the Indian workers replace the U.S. workers.

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Definitions:

One-tailed Test

A statistical hypothesis test in which the region of rejection is on only one side of the sampling distribution.

Population Variances

The squared deviation of a set of values in a population from their mean, representing the dispersion within the population.

Equality

A concept referring to the state or quality of being equal, indicating that two or more entities are the same in quantity, size, degree, or value.

Population Variances

A measure of the spread or dispersion of a set of data points in a population, indicating how much the members of the population differ from the population mean.