Critics of Offshoring Claim All EXCEPT Which of the Following

question 23

Multiple Choice

Critics of offshoring claim all EXCEPT which of the following?

• A)Cost savings are seldom passed on to final consumers.
• B)Offshoring reduces the incomes of people in low-wage countries.
• C)Incomes of workers in countries whose companies offshored production have gone down as a percentage of national income.
• D)Many workers who have been displaced by offshoring do not have the skills needed for higher-value jobs.

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Definitions:

Iron Formation

A rock composed of millimeter- to centimeter-thick layers of iron-bearing minerals, especially iron oxide, commonly with quartz.

Gypsum Formation

A geological process leading to the creation of gypsum, a mineral used in building materials and fertilizers, through the evaporation of mineral-rich water.

Calcium Carbonate

A chemical compound (CaCO3) found in rocks as the minerals calcite and aragonite and is the main component of pearls, shells of marine organisms, snails, and eggs.

Seawater

The salty water that fills the oceans and seas, composed of a complex mixture of dissolved minerals and organic compounds.