Economic Analysis Indicates the Net Long-Run Effect of Outsourcing for the United

question 126

Multiple Choice

Economic analysis indicates the net long-run effect of outsourcing for the United States is likely to be

• A) an increased demand for labor due to economic growth.
• B) a decreased in the demand for labor in the United States in the short run.
• C) an increase in the supply of labor.
• D) a decrease in the supply of labor.

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Definitions:

Babson College

An educational institution in Massachusetts, USA, renowned for its focus on entrepreneurship education.

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.

Installment Contracts

Agreements where payments are made in a series of increments over time in exchange for goods or services.

Conditional Sales Contract

A contract agreement where the buyer takes possession of an item, but its formal ownership and title remain with the seller until the purchase price is paid in full.