"Exporting Jobs" to Low-Wage Nations Has Contributed To

question 59

Multiple Choice

"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.

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Definitions:

Free Market

An economic system in which prices are determined by unrestricted competition between privately owned businesses.

Life Expectancy

The average period that an individual is expected to live, based on statistical averages of age, gender, and other demographic factors.

Leisure Time

Free time not taken up by work, chores, or other obligatory activities, allowing individuals to engage in activities of their choice.

State-Supported Company

A business that receives financial aid, subsidies, or other forms of support from the government.