Offshore outsourcing in today’s business world covers virtually all areas of business functions including manufacturing, product services, human resource management, research and development. a) In light of the above developments and with procurement in transition from a short term profit orientation to a core business strategy related to sustainability, discuss these issues from a strategic procurement management point of view.

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.