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If a U.S. firm outsourced its production from a high-cost area like Silicon Valley where manufacturing wages average $50 per hour, to the Philippines where
If a U.S. firmoutsourced its productionfrom a high-cost area like Silicon Valley where manufacturing wages average $50 per hour, to the Philippines where the average wage is $9 per hour, then basic microeconomics tells us that thesupply curve should shift to the right
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