Question: I need help with this economics question E AX Moving to another question will save this response. Questton 3, , 2 points Save Answer Consider

I need help with this economics question

E AX Moving to another question will save this response. Questton 3, , 2 points Save Answer Consider General Motors. It has been making changes and cutbacks since the 1990s, in order to improve their competitive edge. In the United Stated, they eliminated 40,00 clerical and middle level management positions and 79,000 factory jobs. They closed a total of 21 assembly plants to compete with Toyota and Honda. While GM was cutting labor and capital in the US, they were expanding their business in Europe. What is this an example of? E] Improved economic efficiency 0 Crazziness O Outsourcing Incentive scheme to solve the Agent - Agent problem. 0 E 43 Moving to another question will save this response. >> Close Window

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