The Main Problem with "Outsourcing" for American Workers Is That

question 69

Multiple Choice

The main problem with "outsourcing" for American workers is that it __________.

• A)exports jobs
• B)makes consuming a full-time activity
• C)lowers tariffs
• D)increases taxes
• E)increases competition

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Definitions:

Cost of Living

Cost of Living refers to the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time.

Inflation Rate

The increase pace in the cost of living, as reflected in goods and services prices, leading to reduced money value.

Consumer Price Index

A measure assessing the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

GDP Deflator

The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to convert nominal GDP into real GDP.