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

question 42

Multiple Choice

The figure given below shows the demand curve in the U.S.and the cost curves in U.S.and India. Figure: 15.4 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 15.4,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 labor 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:

Extraversion

A personality trait characterized by outgoingness, sociability, and a tendency to seek stimulation in the company of others.

Nature-Nurture Debate

A longstanding discussion concerning the relative importance of an individual's innate qualities versus personal experiences in determining or causing differences in physical and behavioral traits.

Personality Traits

Long-standing habits of cognition, emotion, and conduct that differentiate one person from another.

Personality Psychology

The branch of psychology that studies personality and its variation among individuals.