Author Question: What do countries gain from offshoring' their labor in a service economy? a. They can expand ... (Read 45 times)

misspop · **on:** Jul 1, 2018

What do countries gain from offshoring' their labor in a service economy?

a. They can expand their labor forces to include more people, which will increase productivity and services for their customers.
b. They can count on cheaper labor from the so-called developing world that will serve to increase the profits of large corporations and organizations.
c. They can assure that people of their own country will live a better life, retire earlier, and not have to work so hard.
d. They can educate the people of developing nations and improve life in those countries.

Question 2

What does the term offshoring' mean?

a. It refers to a type of fishing, usually done off the coast of Florida that is illegal because it uses nets to capture fish.
b. It refers to a business practice of moving jobs and industries off of American soil to countries where the labor costs are cheaper.
c. It refers to a new form of energy exploration, designed to put less emphasis on foreign oil in the United States to make this country more independent of oil-producing countries.
d. It refers to a labor practice that brings in new immigrants to the United States who will work for less money than native-born Americans.