Outsourcing is another word for off-shoring. B. The invention of containerization revolutionized trade by lowering shipping costs. C. In the country as a whole, by following comparative advantage, the losses tend to outweigh the gains.
Outsourcing is another word for off-shoring. B. The invention of containerization revolutionized trade by lowering shipping costs. C. In the country as a whole, by following comparative advantage, the losses tend to outweigh the gains.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which statement is TRUE?
A. Outsourcing is another word for off-shoring.
B. The invention of containerization revolutionized trade by lowering shipping costs.
C. In the country as a whole, by following
D. The Smoot-Hawley Tariff Act is the hallmark of globalization.
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