Question
A) Outsourcing was not an issue when the factor-price-equalization theory was developed. Does the existence of outsourcing change the implications of the theory? Justify your
A) Outsourcing was not an issue when the factor-price-equalization theory was
developed. Does the existence of outsourcing change the implications of the
theory? Justify your answer with example. (13 marks)
B) We often hear that trade deficits are bad for a country. Do you agree or disagree
with this viewpoint? Explain (12 marks)
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
