Low labor costs make competitive outsourcing destination

Assignment Help Business Economics
Reference no: EM131095646

Country X is a growing economy located in southeast Asia. Although it has a large population, it also has a disproportionately high number of working age people. A large English-speaking workforce and low labor costs make it a competitive outsourcing destination. However, as is the case with most growing economies, inflation is quite high in country X. As a country that is poised to be an economic superpower, country X's stock markets are booming, Real estate prices have been encreasing by 20 percent each year. Salim Habib is a guest speaker at a talk organized consumption and investment will fall. Ricky Cafrall, a student is not convinced. He claims that the rally in housing and stock prices will actually increase household wealth and consumption. In claiming that household wealth and consumption will increase, Ricky is ignoring. A.the fact that stocks and houses form a part of household. B. a person's marginal propensity to consume. C. the fact that employment is increasing. D.the real value of household wealth.

Reference no: EM131095646

Questions Cloud

Traditional data warehouse and a data mart : Identify the major differences between a traditional data warehouse and a data mart? Explain the differences between the traditional data warehousing process compared to newly designed data warehouse in less than 90 days?
About the nash equilibrium : Two Cigar makers are trying to determine whether or not to advertize their products on TV, and the effect on their profits. The Govt. is likely to ban Advt. related to Smoking on TV, and would charge a Penalty Surcharge Tax of $30m for any smoking ad..
May increase or decrease planned investment : Medical Supplies B Us (MSBU), Inc. is trying to weigh the pros and cons with respect to planned investment. The following scenarios may increase or decrease planned investment. Help MSBU, Inc. to examine each scenario to see if it immediately impacts..
Which of the following securities has lowest interest rate : Which of the following securities has the lowest interest rate? A bond with default risk will always have a --- risk premium and an increase in its default risk will --- the risk premium
Low labor costs make competitive outsourcing destination : Country X is a growing economy located in southeast Asia. Although it has a large population, it also has a disproportionately high number of working age people. A large English-speaking workforce and low labor costs make it a competitive outsourcing..
Data structures in an oop program : Suppose you created a video project that has two data structures-an array of strings and a ListView control. You used the Sort() method of the array class to put the film names in ascending order. Then the program populated lstNames with the order..
Find the abcd constants of a p circuit : Find the ABCD constants of a π circuit having a 600-Ω resistor for the shunt branch at the sending end, a 1-kΩ resistor for the shunt branch at the receiving end, and an 80-Ω. resistor for the series branch.
Prepare monthly cash budget and supporting schedules for may : Prepare a monthly cash budget and supporting schedules for April, May, and June 2008. On the basis of the cash budget prepared in part (1), what recommendation should be made to the controller?
Cost and revenue curves for perfectly competitive firm : Figure 1 is the cost and revenue curves for a perfectly competitive firm.

Reviews

Write a Review

Business Economics Questions & Answers

  Strict constructionism affect the development of banking

How did the concept of strict constructionism affect the development of banking and transportation during the antebellum years?

  Tax policy act as automatic stabilizers for macro economy

How does a government spending and tax policy act as automatic stabilizers for the macro economy? Given the logic of the automatic stabilizers, why should we be concerned about deficit cutting efforts during a recession? What types of lags in fiscal ..

  Determine whether each function is convex or concave

Find the ?rst and second derivative of each function and determine whether each function is convex or concave. If it is both, ?nd the ranges for which it is convex and ranges for which it is concave:

  The firms long-run average cost exhibits

A firm scaled up its operation by increasing all inputs by 100%. If the firm experienced 150% increase in the output, the firm's long-run average cost exhibits:

  Q1 suppose your elasticity of demand for your parking lot

q1. suppose your elasticity of demand for your parking lot spaces is -2 and the price is 8 per day. if your mc is zero

  A monopoly or an individual maximizing their utility

Describe the concept of strategic interaction in game theory and how it differs from single agent or player games (e.g. a monopoly or an individual maximizing their utility)

  Supply and demand and competitive analyses

Using supply and demand and competitive analyses, explain what happens to a pharmaceutical company’s revenues and profits from an individual drug once it loses its patent protection. Then identify at least one strategy the company can use to mitigate..

  Situations would you prefer borrowing

In which of the following situations would you prefer borrowing?

  Provide goods or services for capital formation

Among the families you know, how many work for companies that provide goods or services for capital formation—that is, for investment purposes rather than for consumption?

  Explain how the modern micro-founded method

In your own words, (briefly) describe the "Lucas critique", and explain how the "modern micro-founded" method of macroeconomic modeling attempts to address the Issue that the Lucas critique raised about the "traditional" approach to macroeconomics th..

  Increased the stability of ems exchange rates

Why might EMS provisions for the extension of central bank credits from strong-to weak-currency members have increased the stability of EMS exchange rates? Why would the failure to create a unified EU labor market be particularly harmful to the prosp..

  Elucidate explain why the cost structure associated with

elucidate explain why the cost structure associated with many kinds of information goods also services might imply a

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd