Problem
1. How is outsourcing to China and India today different from U.S. outsourcing in the past?
2. One of the basic economic laws is the "law of one price." Does it imply that the U.S. wage level will have to equal the Chinese wage level if free trade is allowed? Why or why not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.