With the importation (offshoring) of components and
Exportation of R&D, what happens to total production in
The economy?
A)It declines.
B)It becomes more expensive due to higher wages.
C)It increases, and-because it uses the same amounts of labor-production is more efficient.
D)Productivity and efficiency decline.

Question

Quizplus · Accepted Answer

Offshoring components and exporting R&D can lead to an increase in total production in the economy, as it allows for more efficient production using the same amount of labor. This is because offshoring often allows companies to access cheaper labor and resources in other countries, while exporting R&D can lead to the development of new technologies and processes that can improve efficiency. Higher wages are not necessarily a result of offshoring and exporting R&D, and productivity and efficiency do not necessarily decline.

With the Importation (Offshoring) of Components and