Recentily, Swedish companies have outsourcad manufacturing labor previously performad by Swedish workers at $22 per hour to U.S. workers who receive a wage rate of $11 per hour. All of the following will be the effacts of Swedish manufacturing-labor outsourcing exceptOA U.S. wages will increase.OB. Swedish wages and employment will tal.OC. Swedish wages will rise and employment will fal.OD. U.S. employment will increase.

Swedish companies have outsourced manufacturing labor to US workers. This will decrease the demand…

Answered: Recantiy. Swedish companies have…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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