Though Offshoring and Outsourcing Are Technically Different, Feenstra and Taylor

question 4

Multiple Choice

Though offshoring and outsourcing are technically different, Feenstra and Taylor use the term offshoring to include:

• A) both offshoring and outsourcing activities.
• B) only offshoring activities.
• C) only outsourcing activities.
• D) neither offshoring nor outsourcing activities.

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Definitions:

Very Long-Term Unemployed

Individuals who have been out of work and seeking employment for an extended period, typically longer than one year.

Discouraged Workers

Individuals who are not actively seeking employment due to a belief that no jobs are available for them or there are no suitable jobs.

Labor-Force Participation Rates

The percentage of the working-age population that is actively engaged in the labor market, either employed or actively seeking employment.

U-1 Measure

A specific metric used to evaluate the unemployment rate, focusing on people who have been unemployed for 15 weeks or longer.