Economic Impacts of Outsourcing
Complete the following conversation regarding outsourcing:
Jack: Outsourcing damages our economy. Domestic workers lose their jobs, and there are no positive outcomes.
A
Pete: I do not understand why displaced workers cannot simply relocate to the country where their jobs were moved.
B
Pete: You are correct. There is no valid business justification for the practice.
C
Pete: I agree; it might be acceptable if consumer prices decreased, but they do not.
D
Pete: That is not entirely accurate. It reduces production costs and stimulates economic growth overseas.
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