The furniture industry has become one of the fastest-growing sectors of China's economy.Furniture imports are flooding into the United States from China.This can be attributed to:
A)the quality of furniture is better than that made in Europe.
B)American tastes in décor have changed.
C)China's low labor rates translate into reasonable prices for consumers.
D)China can survive tough competition.
E)replacement parts are readily available from China.

Question

Quizplus · Accepted Answer

China's low labor rates allow for the production of goods at lower costs, making the prices more reasonable for consumers, which is a significant factor in the influx of furniture imports from China to the United States.

The Furniture Industry Has Become One of the Fastest-Growing Sectors