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How can the outsourcing of jobs cause production possibilities to expand
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- What is equilibrium in the labour market? a. Graphically demonstrate how the supply of labour in the U.S. is affected by the increase in the labour force resulting from Mexican immigrants. b.What other factors that can cause the labour supply curve to shift?The debate focuses on the job outsourcing in the steel-rod industry. A congresswoman from a state with several steel-rod factories explains that it is necessary to impose restrictions against job outsourcing to protect workers in the domestic steel-rod industry. The congresswoman claims that, without protection against job outsourcing, U.S. companies in the steel-rod industry have incentives to outsource their jobs to developing countries where the labor is cheaper. This would leave many U.S. workers in the steel-rod industry unemployed. Which of the following justifications is the congresswoman using to argue for the trade restriction on steel rods? Infant industry argument Antidumping argument Foreign export subsidies argument Low foreign wages argument National defense argumentWhat is the difference between resource labor and resource entrepreneurship?
- A country can produce two goods, X and Y. The maximum possible output of X is 200 and the maximum possible output of Y is 300. If the marginal product of labor in X is 4, what is the marginal product of labor in Y?A visiting American executive finds that a foreign subsidiary inBangladesh has hired a 12-year-old girl to work on a factoryfloor, in violation of the company's prohibition on child labour.He tells the local manager to replace the child and tell her to goback to school. The local manager tells the American executivethat the child is an orphan with no other means of support, andshe will probably become a street child if she is denied work. explain Cultural Relativist based on the statement givenEquilibrium in the labour market depends on the demand for labour and the supply of labour. Graphically demonstrate how the supply of labour in the U.S. is affected by the increase in the labour force resulting from Mexican immigrants. What other factors that can cause the labour supply curve to shift?
- How will each of the scenarios affect market labour? Options for questions are in the photos attached.As the productivity of labor rises, so will the demand for labor. True – False: ExplainPlease assist. How will each of the following scenarios affect market labour? The options for each question is attached.
