The most important resource for all firms is labor. Please address the following

The most important resource for all firms is labor. Please address the following questions in a 3 page essay.1. Labor is an important factor of production for all firms. The most recentunemployment rateis estimated at 7.7% (February 2013). Economists have identified three types of unemployment. Which type would affectMicrosoft corporation. Explain.2. Think about otheremployment issuessuch as outsourcing. Do you think Microsoft corporation would benefit from outsourcing? If you chose a firm in which outsourcing is not feasible you can still discuss the advantages (or disadvantages) of outsourcing.3. If a U.S. firm hiresforeign workersabroad would these wages count in the U.S. GDP? (i.e. an Indian citizen working in acall centerfor Microsoft in India) Why or why not?4. Based on theeconomic indicators what are your forecasts for Microsoft corporation in terms of profit employment and production?Min Pages: 3Max Pages: 3Some in-text referencesTimes New RomanFont 12 please