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svp [43]
3 years ago
9

The main reason that firms outsource is that: low-wage workers in other countries are more productive than are u.s. workers. hir

ing low-wage workers reduces firms' costs. hiring low-wage workers provides a tax deduction to firms. u.s. workers cannot perform the tasks performed by workers in other countries.
Business
1 answer:
djyliett [7]3 years ago
6 0
Productive than are u.s. workers. hiring low-wage workers reduces
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According to Nobel economist Frederich von Hayek, law that secures __________ rights in modern society is a prerequisite to priv
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The rights which Nobel economist Friedrich von Hayek, law that secures and was a prerequisite to private enterprise is

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<h3>What is Property Rights?</h3>

This refers to the inalienable rights which a property owner has as to how he chooses to rent, lease, let or sell his property or live there.

With this in mind, we can see that the main thing which Friedrich von Hayek believed was a prerequisite to private enterprise was property rights.

Read more about property rights here:
brainly.com/question/14106012

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3 years ago
Because of the compounding effect:
luda_lava [24]

Answer: c. small changes in economic growth rate lead to large GDP changes over time.

Explanation:

If there is even a small change in the rate at which the economy is growing, this increase will increase by even more the year afterward and then even more as time goes on. This is because the interest is being compounded overtime.

Look at the future value formula that shows compounding for instance:

Future value = Amount * (1 + rate) ^ number of periods

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What started off as only 2% became 81% in 30 years. This is what compounding does.

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Answer:

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