16. When US firms choose to hire skilled and unskilled workers in other countries to produce goods and services, rather than producing them in the US, we refer to this as. "a .Offshore procurement b. domestic outsourcing 3. offshore outsourcing d. MAGA 17. If a group of stockholders or management obtain all the stock of a previously publicly traded firm for themselves, this is referred to as a. Capitalizing b. Stock turning C. A leveraged buyout d. Taking the firm private 18. One result of taking a firm private is: a. the firm's stock is no longer available for purchase on the open market b.managers lose some control as the number of stockholders increase H c the public image of the firm will suffer d. the firm will have access to more capital 19. The nation which most recently has joined the US, the European Union and Japan as the key drivers of the world economy is England