How can the outsourcing of jobs cause production possibilities to expand?
How can the outsourcing of jobs cause production possibilities to expand?
Homework Answers
An economy outsources jobs in which it has lower efficiency or higher opportunity costs. Therefore, outsourcing leads to greater specialization as the country can now focus on the jobs in which they have greater efficiency or lower opportunity costs. Therefore, outsourcing leads to higher efficiency and productivity. This leads to the expansion of the production possibility curve.
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How can the outsourcing of jobs cause production possibilities
to expand?
How can the outsourcing of U.S. computer jobs generate new U.S. jobs in construction or retail...
How can the outsourcing of U.S. computer jobs generate new U.S. jobs in construction or retail trade? Do you agree or disagree with outsourcing? Why?
Explain how technological change and increases in capital and human capital expand production possibilities.
Explain how technological change and increases in capital and human capital expand production possibilities.
Which of the following can cause an outward shift in the production possibilities curve? a.An increase...
Which of the following can cause an outward shift in the production possibilities curve? a.An increase in the quantity of labor b.An increase in the stock of capital c.An improvement in the quality of resources d.An improvement in technology e.All of the above f.None of the above
Explain using an appropriate diagram the factors the cause the shift of the Production Possibilities Curve
Explain using an appropriate diagram the factors the cause the shift of the Production Possibilities Curve
Which one of the following will cause the production possibilities curve to shift outward? increased...
Which one of the following will cause the production possibilities curve to shift outward? increased government regulation of the financial sector reallocation of resources toward food production decreased unemployment improved public education
The production possibilities frontiers below show how much Dave and Sam can each produce in 8...
The production possibilities frontiers below show how much Dave and Sam can each produce in 8 hours of time Dave's Production Possibilities Sam's Production Possibilities 8מ 11 quarts 11 10 10 9 9 8 7 9 10 2 3 6 7 4 5 6 4 5 8 9 10 Cake Cake a. Who has an absolute advantage in Ice Cream? How about in Cake? Explain. b. Who has a comparative advantage in Ice Cream? How about in Cake? Explain. c....
how does outsourcing innovation differ from traditional product production outsourcing?( g m suppliers selection for innovation)
how does outsourcing innovation differ from traditional product production outsourcing?( g m suppliers selection for innovation)
otes more of its res B. Cause its producti its production possibilities curve to shift outward...
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
Question 14 fof 20) 14 Outsourcing is the O Unemployment that is inevitable when jobs leave...
Question 14 fof 20) 14 Outsourcing is the O Unemployment that is inevitable when jobs leave a country Relocation of production from domestic companies to foreign countries O Loss of output because of an increase in unemployment. O Movement of workers to foreign countries where there are more jobs
1.4 Creating and Interpreting a Production Possibilities Curve Your task: using the data below, construct the...
1.4 Creating and Interpreting a Production Possibilities Curve Your task: using the data below, construct the production possibilities curve for the hypothetical country of Michigania The country produces only two products: caps and balls (yes, they love sports in Michigania). Next, answer the questions that follow Production Possibility Number of caps (In milion) Number of balls (n millions 35 50 65 sO 68 54 35 You can draw this by hand, or you can use Word Art to label the...
The production possibilities frontiers below show how much Dave and Sam can each produce in 8 hours of time Dave's Production Possibilities Sam's Production Possibilities 8מ 11 quarts 11 10 10 9 9 8 7 9 10 2 3 6 7 4 5 6 4 5 8 9 10 Cake Cake a. Who has an absolute advantage in Ice Cream? How about in Cake? Explain. b. Who has a comparative advantage in Ice Cream? How about in Cake? Explain. c....
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
Question 14 fof 20) 14 Outsourcing is the O Unemployment that is inevitable when jobs leave a country Relocation of production from domestic companies to foreign countries O Loss of output because of an increase in unemployment. O Movement of workers to foreign countries where there are more jobs
1.4 Creating and Interpreting a Production Possibilities Curve Your task: using the data below, construct the production possibilities curve for the hypothetical country of Michigania The country produces only two products: caps and balls (yes, they love sports in Michigania). Next, answer the questions that follow Production Possibility Number of caps (In milion) Number of balls (n millions 35 50 65 sO 68 54 35 You can draw this by hand, or you can use Word Art to label the...
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