Author Question: If company X is successfully outsourcing its production of T-shirts to China, it is a. Creating ... (Read 75 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
If company X is successfully outsourcing its production of T-shirts to China, it is
 a. Creating wealth by moving labor in China from lower value use to higher value use
  b. Should be stopped on economic grounds since it is destroying wealth
 c. Destroying wealth by acquiring cheaper labor from China
 d. Both A & C

Question 2

Which of the following describes a firm?
 a. Purchases labor hours from workers
 b. Borrows capital from investors
 c. Combines labor and capital to create production, moving them from their low value use to high value use
  d. All of the above



dlook33

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

a

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

For a complete list of videos, visit our video library