American firms outsource many jobs to other, lower cost countries. How can this outsourcing actually lead to increased employment here in the USA?  How can there be any economic gains for a country from both importing and exporting the same good, like cars?

Q: Why would U.S. companies consider moving production outside of our country?

A: There are many reasons for moving the production outside of the U.S. one of the main reason is the…

Q: Because this country exports steel, the world price is represented by Suppose that a "pro-trade"…

A: Consumer surplus measure of the benefit consumer receive when they pay a price for a good or service…

Q: You work for a Nova Scotia Company trying to successfully enter the cranberry market in Australia.…

A: The study and investigation of economic data and patterns is known as economic analysis, and it is…

Q: Explain how is the production structure (i.e. which goods are produced) affected in each country by…

A: Comparative advantage is an economic concept that means to the ability of a nation, person, or firm…

Q: China 4,800 Which good will China export and which good will Canada export? Canada will export…

A: Opportunity cost measures the trade off between two goods.

Q: What would a country profile for Columbia include, specifically looking at: Size, Climate,…

A: South America's economy encompasses farming, mineral extraction, and producing goods, and services.…

Q: Suppose the transferability of skills from an origin to a destination increase. What is likely to…

A: When the transferability of skills from an origin country to a destination country increases,…

Q: What does import quotas and local content requirement mean for importing economies? What does it…

A: Answer in below step

Q: Why Japan is dependent on food import?

A: Definition: An import is a decent or administration purchased in one country that was delivered in…

Q: Do you think a country should have more imports or exports, and explain your reasoning

A: Importing refers to consumption of goods or services which are not produced within the domestic…

Q: If a country closes off to trade and prices remain unchanged, what does that mean?

A: A closed economy refers to one that does not trade with other countries. As a result, the closed…

Q: How can businesses determine the attractiveness of a foreign market?

A: The term market attractiveness is a concept that practices many factors to determine whether or not…