Use a supply-and-demand diagram to explain why and discuss


Increased outsourcing to India by firms in the United States and other developed countries has driven up the wage of some Indian skilled workers by 10% to 15% (Adam Geller, "Offshore Savings Can Be Iffy," San Francisco Chronicle, June 21, 2005: D1, D4). Use a supply-and-demand diagram to explain why, and discuss the effect on the number of people employed.

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Econometrics: Use a supply-and-demand diagram to explain why and discuss
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