Offshoring refers to the the process in which:
a. a firm hires laborers from a foreign market.
b. a firm purchases service from another firm.
c. a firm purchases service from another firm in another country.
d. workers of a particular country seek employment in a firm of a foreign country.
e. the government of a country works toward providing social security and other rights to migrant workers.
Question 2
Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. This implies potatoes can be categorized as _____.
a. complements
b. substitutes
c. inferior goods
d. normal goods
e. luxury goods
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