ECO 212 Week 1 Introduction to Economics Report
How many times have you heard the saying “American companies need to bring manufacturing back to the United States?” Over the years, American companies have opted to outsource specific goods to be manufactured overseas instead of choosing to have the goods manufacturing goods in the United States. However, their justification and rationalization stems around economic theory.
Write an 875-word analysis including:
- Choose a specific company that has outsourced their manufacturing.
- Integrate at least 3 of the following terms: opportunity cost, supply, demand, comparative advantage, absolute advantage, elasticity.
- Explain why American companies have outsourced their goods to be manufactured overseas and comment on whether or not it makes “economic and financial” sense for manufacturing to return back to the United States.
- Discuss whether it makes “economic and financial” sense for manufacturing to return back to the United States.
Integrate at least 2 sources to support you claims.
Format assignment consistent with APA guidelines.
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