In a recent essay in Forbes magazine, Harry Binswanger wrote…
In a recent essay in Forbes magazine, Harry Binswanger wrote, “There is no difference in economic effect between outsourcing a job to Poland and outsourcing it to a firm across the street. If outsourcing the job saves money, it saves resources and is to be applauded. . . . Outsourcing changes the composition of the labor force—fewer Americans are employed to make computer chips, say—but it does not decrease the demand for labor as such, and displaced workers find more productive employment—and thus higher wages—in other lines of work.” Binswanger’s argument most closely embraces the logic of ________.
Read DetailsPetey is starting a new Honest Kids Club in his neighborhood…
Petey is starting a new Honest Kids Club in his neighborhood. He hopes his club will serve as an example to the city of how good children behave. He plans to allow members to join only if they see themselves as unique with special responsibilities, if they work really hard, and if they will exercise self-control and restraint. Which colony does Petey’s club resemble most?
Read DetailsAfter World War II, the Soviet Union “acquired” the Baltic R…
After World War II, the Soviet Union “acquired” the Baltic Republics and Japan’s northern islands. The Soviet Union then used its newfound territory to build its central empire at the expense of the natives. This parallels which concept?
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