7. Many service-sector jobs in the United States have moved to foreign countries where these jobs are

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7. Many service-sector jobs in the United States have moved to foreign countries where these jobs are done at a fraction of the cost they incur domestically. The outsourcing of jobs overseas is heavily debated by politicians, policymakers, and economists in the United States. Based on your understanding of trade and the benefits and losses from trade, how do you think outsourcing affects social surplus in the domestic economy?

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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