Outsourcing has caused which of the following:
A)Inflation
B)More static labor market
C)Higher costs
D)Increased global competitiveness

Question

Quizplus · Accepted Answer

Outsourcing has increased global competitiveness as it allows companies to access cheaper labor markets, lower production costs, and a larger pool of skilled workers. This increased competitiveness can result in economic growth and job creation. However, outsourcing can also have negative effects, such as job displacement and wage stagnation in countries where outsourcing occurs.

Outsourcing Has Caused Which of the Following