If U.S. firms outsource jobs to foreign markets commaU.S. firms outsource jobs t

Question

If U.S. firms outsource jobs to foreign markets commaU.S. firms outsource jobs to foreign markets,

A. U.S. employment and wages will fall.

B.U.S. employment will rise, and wages will fall.

C. U.S. employment will fall, and wages will rise.

D. U.S. employment and wages will rise.

The net effect of outsourcing on U.S. markets

A. is a decrease in U.S. wages and employment.

B. may increase or decrease U.S. wages and employment.

C. is a decrease in U.S. wages and an increase in U.S. employment.

D. is an increase in U.S. wages and a decrease in U.S. employment.

E. is an increase in U.S. wages and employment.

Explanation / Answer

(1) If US firms outsource jobs to foreign markets, demand for labor falls in the US, and so:

(A).

(2) Net effect of outsourcing on US markets is

(A).

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