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What do the liberal economic theory and empirical evidence show regarding the effects of outsourcing? Group of answer choices Even if outsourcing decreases the wage
What do the liberal economic theory and empirical evidence show regarding the effects of outsourcing? Group of answer choices Even if outsourcing decreases the wage levels of some states, low wage levels tend to result in high levels of unemployment. Even if outsourcing decreases the wage levels of some states, inflation tends to occur in globalized states. Even if outsourcing decreases the wage levels of some states, the decreasing wage level is offset by an increase in purchasing power. Even if outsourcing decreases the wage levels of some states, in the long run, there is no incentive for companies to hire domestic labor
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