Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When deciding to expand operations to a foreign country, businesses must be aware of the various benefits of globalization. From the list below, choose one

When deciding to expand operations to a foreign country, businesses must be aware of the various benefits of globalization. From the list below, choose one statement that represents a benefit of globalization: Group of answer choices Larger pools of consumers and resources (e.g., talent, natural resources, financial resource, etc.) that might not be available in their home markets. The loss of blue-collar jobs in advanced industrial economies resulting from many companies moving production to less expensive markets in developing countries. Stagnant, if not falling, wages of workers due to increases in local labor supply in advanced industrial economies among blue-collar workers whose jobs were moved to developing countries. Workers in developing countries might be drawn into jobs that exploit them (e.g., requiring workers to work long hours for very small wages)

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

Step: 3

blur-text-image

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: Austan Goolsbee, Steven Levitt, Chad Syverson

3rd Edition

1319105564, 978-1319105563

More Books

Students also viewed these Economics questions

Question

How many types of bankruptcy and these types explained in Chapters?

Answered: 1 week ago

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago