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(Step-by-Step) Top and mid-level managers of Japanese firms with U.S. offices and plants must travel to the U.S. several times each month. Most Japanese firms

Question: Top and mid-level managers of Japanese firms with U.S. offices and plants must travel to the U.S. several times each month. Most Japanese firms previously employed their own travel staffs to arrange these trips, but increasingly they have been outsourcing this work to U.S. travel agents. Suppose this trend becomes widespread. Use the diagrams below to explain what will happen to wages and employment of Japanese and U.S. workers who provide travel services.

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(Step-by-Step) Top and mid-level managers of Japanese firms with U.S. offices and plants must travel to the U.S. several times each month. Most Japanese firms

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