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If a U
If a U.S. firm outsourced its production from a high-cost area like Silicon Valley where manufacturing wages average $50 per hour, to the Philippines where the average wage is $9 per hour, then basic microeconomics tells us that the supply curve should shift to the right
True
False
Expert Solution
The given statement is true. As given If a U.S. firm outsourced its production from a high-cost area like Silicon Valley where manufacturing wages average $50 per hour, to the Philippines where the average wage is $9 per hour, production will be increased. As it is now less costly to produce. So supply will be increased. Supply curve shifts to the right.
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