“Exporting jobs” to low-wage nations has contributed to: A. higher li

QUESTION

“Exporting jobs” to low-wage nations has contributed to:

A. higher living standards in those countries that “export” the jobs.

B. higher unemployment in wealthy advanced economies such as the United States.

C. an increase in the income levels in those nations that “export” the jobs.

D. lower standards of living in those countries to which the jobs are exported.

E. reduced specialization in the production of goods and services.

ANSWER

B
The popular feeling is that when corporations outsource service activities to lower-cost foreign suppliers they are “exporting jobs” to low-wage nations and contributing to higher unemployment and lower living standards in their home nations.