The Impact of Outsourcing on Domestic Jobs and the Economy: An Analysis Using Economic Concepts

Your discussion should include the relevance of one economic/business concept from this week’s chapters. Indicate the concept at the beginning of your post, and highlight that concept at least once in your discussion. Task: Respond to the following questions and, if appropriate, include your personal experience or observations as part of your answer: Many U.S.firms have outsourced their production and service to other countries. In fact, most iPhones and other smartphones are made not in the U.S. but in China. Many politicians, notably President Trump, and commentators argue that the government should protect domestic jobs in this country by penalizing the practice of outsourcing jobs to other countries. How are you affected by this practice? Are you hurt by outsourcing as a consumer and as an ordinary resident in the U.S. If you are from another country, you may talk about your experience in that country. Keep in mind that your discussion should include the relevance of at least one economic/business concept from this week’s chapters.