The Size of the Substitution Effect When Companies Substitute Foreign

question 6

Multiple Choice

The size of the substitution effect when companies substitute foreign labor for domestic labor,will be greater (on domestic labor) when

• A) the supply of domestic labor is more elastic.
• B) the goods produced are easily transported between nations.
• C) the ability to produce the goods are shared by all nations.
• D) all of the above

---

Definitions:

Jointly Agreed

Reached through a cooperative process where all parties involved give consent to terms or decisions.

Human Resource Management

The strategic approach to the recruitment, management, development, and well-being of an organization's employees.

Subjective Performance

Evaluation of an employee's performance based on personal judgments rather than measurable outcomes.

Opinion

A personal view, attitude, or appraisal formed about something, not necessarily based on fact or knowledge.