Question

American firms outsource many jobs to other, lower cost countries. How can this outsourcing actually lead...

American firms outsource many jobs to other, lower cost countries. How can this outsourcing actually lead to increased employment here in the USA?

Homework Answers

Answer #1

The outsourcing to developing countries can help in the reorganization of the American industry. The outsources jobs are mainly manual and low-skill jobs. By outsourcing these jobs to developing countries, American firms can focus on higher end jobs such as data analytics, artificial intelligence, financial services, etc. These new industries related to the data analytics, artificial intelligence, financial services, etc. are growing because America is able to outsource the lower level jobs to developing countries. These new industries are creating jobs.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Lactic acidosis can have many causes. Rationalize how each of the following conditions can lead to...
Lactic acidosis can have many causes. Rationalize how each of the following conditions can lead to increased concentrations of blood lactate. A drop in cabin pressure in an airplane at 30,000 feet. A genetic defect in RBC’s that makes them fragile. A deficiency in thiamine by chronic alcohol consumption.
Discuss how allocation of customer-related overhead cost can lead to better decision making within firms with...
Discuss how allocation of customer-related overhead cost can lead to better decision making within firms with reference to the case below. ‘An insurance company, A-Insure Limited, decided to use CPA to identify profitable and non-profitable customers after it grew concerned about the poor financial performance of one of its policy options. A-Insure collected customer data through original policy proposal forms which were stored electronically in a customer database. It was able to conduct a complex cross correlation between known cost...
Leila runs a firm in a perfectly competitive market with many other firms. Her short-run cost...
Leila runs a firm in a perfectly competitive market with many other firms. Her short-run cost function is given by C(q) = q2 + 25q + 144. Answer the following questions. How much is Leila’s fixed cost of running the firm? If the market price is $75, how much profit will Leila make? Below which price will Leila need to shut down in the short-run? How much output will Leila produce in the long-run? What will the market price be...
A firm is considering how many of a good to produce. Their cost can be seen...
A firm is considering how many of a good to produce. Their cost can be seen as: C = 10 + Q2 MC = 2Q Other firms are selling at a price of $28. Given the above, what is your profit? (You need to determine your price, your quantity, and calculate your profit given those and the information provided above and the formulas from the slides). a) $14 b) $186 c) $206 d) $28
An example of an industry that can limit trade and increase prices is: Question 22 options:...
An example of an industry that can limit trade and increase prices is: Question 22 options: a) oil. b) groceries. c) clothing. d) sugar. Restrictions on trade: Question 21 options: a) reduce income, increasing the necessity of child labor. b) allow children to leave jobs in agriculture for higher-paying jobs in manufacturing. c) lead to higher income for developing countries but not industrialized countries. d) reduce child labor by making countries more reliant on adult labor. Which of the following...
How can a government obtain revenue by printing money when someone else actually prints the money?...
How can a government obtain revenue by printing money when someone else actually prints the money? Info People sometimes talk about profitable companies as having a “license to print money.” Well, the British firm De La Rue actually does. In 1930, De La Rue, printer of items such as postage stamps, expanded into the money-printing business, producing banknotes for the then-government of China. Today it is the largest manufacturer of banknotes, producing the currencies of about 150 countries, from the...
OPEC is an intergovernmental organization of 13 nations. As of 2015, the 13 countries accounted for...
OPEC is an intergovernmental organization of 13 nations. As of 2015, the 13 countries accounted for an estimated 42 percent of global oil production and 73 percent of the world's "proven" oil reserves, giving OPEC a major influence on global oil prices that were previously determined by American-dominated multinational oil companies. Understanding this type of dynamic in which a few countries (or firms) dominate the market being able to set the price, yet unable to raise significant barriers to entry...
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How...
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How many months has the U.S. economy been in this stage of the business cycle? ___________ months 2. How long has the current expansion/recovery lasted to date? _________________ How does this compare to the average length of U.S. recessions since 1854? ______________________________. 3. What do the last four recoveries/expansions (that is, the current recovery/expansion and the previous three recovery/expansions), suggest about a new trend in...
Identify hidden cost Identify a sunk cost trap Another assembly line is under construction in Building...
Identify hidden cost Identify a sunk cost trap Another assembly line is under construction in Building 3, to make a new stainless-steel dishwasher starting in early 2013. Building 1 is getting an assembly line to make the trendy front-loading washers and matching dryers Americans are enamored of; GE has never before made those in the United States. And Appliance Park already has new plastics-manufacturing facilities to make parts for these appliances, including simple items like the plastic-coated wire racks that...
Please only answer the first question! The OECD is a club of the most advanced economic...
Please only answer the first question! The OECD is a club of the most advanced economic nations in the world – based on living standards and per capita income more than absolute size. Newer members include Turkey, Mexico and Hungary. China and India are not yet members despite their vast populations. Currently the OECD has 32 members. The 2009 OECD Employment Outlook discusses prospects for unemployment and possible policy responses. The evolution of unemployment depends on (a) the size of...