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Essay Available:
Pages:
2 pages/≈550 words
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Style:
MLA
Subject:
Mathematics & Economics
Type:
Essay
Language:
English (U.S.)
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Macroeconomics. Mathematics & Economics Assignment

Essay Instructions:

https://www(dot)youtube(dot)com/watch?v=stigYyRZlCo&feature=youtu.be
Based on the video above; and, on page 126 of the book, "IN THE NEWS" the actual President of the United States claimed that the out-sourcing of jobs has to be ended. Please answer the following questions:
What are the differences between out-sourcing and in-sourcing?
Which of the two, in-sourcing or out-sourcing the United States Administration has favored up to the present. (Please compare with the previous administration)
Imagine that you are an economist working as a policy maker in the United State Administration. Which of the two situations would you advocate? What would it be your advice about the impact of out-sourcing (or in-sourcing) on the country Gross Domestic Product ? Why?
Requirements:
Paper must be between 500-650 words.
MLA format required - All sources of information should be cited, including text or videos. Direct definitions, phrases, and ideas should be quoted as well as cited.
Plagiarism in any form is unacceptable and will result in a zero for this assignment.
You will only be allowed to submit accepted file types (.doc, .docx).
The assignment drop box is opened until the due date. You have an additional week after that to turn it in late for reduced score.
Teacher words:
I am expecting 500 words or more. There is no maximum but there is a minimum of 500 words. You may show this number at the right top of the first page. I will not count them. If it is not posted it will take you points down.

Your name, your course name and section most appear on the front page at the top.
The title of the project.
The body of the project: (Starting to count the words)
I am expecting at least 5 paragraphs:
Introduction (Check MLA format)
One paragraph for answering every question. It will be three paragraphs. For Microeconomics course, use graphs as they are needed in answering the question related to them ( Elasticity). For Macroeconomics you may need the formulas of the GDP.
The conclusion.
Remember:
To cite every opinion, or definition or the source of information you have used in the body of the project. It could be magazines, books of Macro or Micro, other videos, international institutions, or else.

Essay Sample Content Preview:
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Macroeconomics
The globalization of the world’s economy accounts for the increased competition witnessed across different organizations within the equally diverse economic sectors. Business organizations around the world strive to achieve sustainable growth and development in their areas or economic sectors of operations to withstand the increasingly competitive nature of the global markets. The implementation of effective business strategies thus becomes a necessity for business entities as they seek to maintain their competitiveness. Among such interventional measures is the adoption of outsourcing and in-sourcing strategies to enhance productivity.
Outsourcing refers to the utilization of resources from other countries in the production of goods and services for a particular company that functions to reduce the cost of production through cheaper labor (Group, 11). The cheaper labor offered in foreign labor markets serves to reduce the cost of production, which reflects in the lower prices of the end products. In-sourcing, on the other hand, refers to the reorganization of the internal processes of an organization to enhance productivity through the reallocation of the outsourced input to the internal resources within the company. It thrives on the development of the competencies of the existing resources towards the achievement of a given objective emerging from the evolving demands of globalization. The implementation of new processes and reorganization of the human resources to address the emerging demands is an expensive venture that leads to the increased cost of production. Unlike outsourcing, in-sourcing functions to increase the nation’s GDP as it serves to maximize the utilization of the local resources (Group 11). In-sourcing also amounts to higher wages among the employees and consumers as a whole, leading to high purchasing power parities and increased revenue generation in the country.
The current government is putting up measures towards promoting in-sourcing in the United States by advocating for the employment of local talents across different sectors of the econ...
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