Statement I: Foreign Competition Has Made Many American Industries More

question 65

Multiple Choice

Statement I: Foreign competition has made many American industries more efficient.
Statement II: Multinational corporations have combined the competitive advantage of low wages in foreign countries with that of high capital.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

---

Definitions:

Labor Union

An organized association of workers formed to protect and further their rights and interests through collective bargaining.

Interests and Aspiration

The desires, goals, or ambitions individuals or groups aim to achieve, often driving their actions and decisions.

Solidarity Unionism

A model of labor organization focusing on grassroots and collective action without formal union structure, emphasizing solidarity among workers.

Cohesiveness of Workers

The degree to which employees in a group or organization are united and work together towards common goals and interests.