How Would Offshoring Affect the Demand for High-Skilled Workers in the Home

question 34

Multiple Choice

How would offshoring affect the demand for high-skilled workers in the home country?

• A) The relative demand and the absolute demand for high-skilled workers would increase.
• B) The relative demand would increase and the absolute demand would decrease.
• C) The relative demand would decrease and the absolute demand would increase.
• D) The relative demand and the absolute demand would decrease.

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Definitions:

Durbin-Watson Statistic

A statistical method utilized to identify autocorrelation within the residuals of a regression analysis.

Sample Regression Equation

An equation that estimates the relationship between the dependent variable and one or more independent variables based on sample data.

Intercept Term

A constant term in a regression equation that represents the expected value of the dependent variable when all independent variables are zero.

Coefficient

A coefficient is a numerical or constant quantity placed before and multiplying the variable in an algebraic expression.