Is it ethical for firms to outsource production to 3rd world
countries with lower labor costs where most of the population would
not have employment otherwise? What about illegal immigrants who
come to the U.S. to seek work?
Many have claimed that outsourcing by American companies is costing
American jobs. However, companies claim that they cannot compete if
they do not cut cost and one effective way of cutting cost is to
have some of your goods produced outside the U.S. Do you agree?
Discuss some of the advantages and disadvantages of outsourcing.
The following sites should help.
Many corporations take advantage of lower wages and production
cost (and taxes) in other countries to produce less expensive
products for the American market. The obvious solution is to bring
those jobs and companies back to the United States. President Trump
has touted such an approach. However, this transition would mean
that the things we buy would be more expensive and affect the
already tight budget of many Americans. So, here is another loaded
question class...which way do we go?...
Many service-sector jobs in the United States have moved to
other countries where these jobs are done at a fraction of the
cost. The outsourcing of jobs overseas is heavily debated by
politicians, policymakers, and economists in the United States.
Based on your understanding of trade and the benefits and losses
from trade, how do you think outsourcing affects social surplus in
the domestic economy?
Some argue that because ethical standards are lax in many
countries, Siemens and other firms must pay bribers to obtain new
business. Do you agree with this view? Stated differently, when
doing business around the world, is it generally better to
emphasize normativism or relativism? Justify your question.
Think of some firms with HQs in countries other than the US, and
discuss how they entered the US and how they manage their marketing
globally. Let's focus on B2B.
Economies of scale:
Exist when larger firms can produce at lower cost than smaller
firms.
Exist when Average costs go down as production increases
Are more likely to exist in industries with larger fixed
costs
All of the above
True or false. Monopolies are always a bad way to deliver goods
and services.
An industry that has a few large firms that own a majority of
the market share is called
A monopoly
An oligopoly
A monopolistic competition
Perfectly competitive...
how many banks does the United States have compared to other
countries? That is, many more or far fewer? Briefly, what factors
explain the great disparity?