Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The relocation of industries from rich to poor countries, also known as outsourcing, usually occurs because: Group of answer choices labor costs at home are

The relocation of industries from rich to poor countries, also known as outsourcing, usually occurs because: Group of answer choices labor costs at home are too expensive, thus prompting their move to less wealthy countries they cannot find enough workers in the core countries and are forced to look to the peripheral countries to provide labor to meet the demand for their products wages paid to workers in the peripheral countries allow them to buy the products which they produce, thus creating new markets peripheral countries were all wealthy and politically stable the tourists of core countries were enamored by the locales they visited

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Robert Pindyck, Daniel Rubinfeld

9th Edition

0134184246, 9780134184241

More Books

Students also viewed these Economics questions

Question

LO2 explain the DuPont system of ratio analysis (17.2)

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago

Question

2. In what way can we say that method affects the result we get?

Answered: 1 week ago