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Author Question: If company X is successfully outsourcing its production of T-shirts to China, it is a. Creating ... (Read 92 times)

kodithompson

  • Hero Member
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  • Posts: 566
on: Jul 1, 2018
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
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  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


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