Question
The country has been experiencing a trade deficit for a long time. This has been due to importing more than exporting and companies outsourcing jobs
The country has been experiencing a trade deficit for a long time. This has been due to importing more than exporting and companies outsourcing jobs to overseas locations because the labor cost is cheaper. We have also been offshoring product manufacturing to other countries as well. This discussion question has four parts. As I requested in the week 1 discussion question, please separate your answer into four paragraphs, a), b), c), and d), to correspond with the discussion question parts and label them accordingly. For paragraph a) make sure you discuss the impact on prices when we "Buy American ". Please give one example of an American-made product you recently bought and discuss why you bought it, the price difference between what you could have paid for the same imported product, and the quality of each product. For paragraph b) I want you to focus on one employment type (each student must pick a different outsourced job), like call center employees, and discuss the impact on employment for that group. For paragraph c) I want you to focus on the wage difference in one company (each student must pick a different company) that outsources labor and what that has done to the profits for that company. For paragraph d) identify one area that we have a comparative advantage in (each student must pick a different product/service we have a comparative advantage in) and what has been done to exploit our comparative advantage in the last 5 years.
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