Exporting jobs from developed to less developed countries is known as _____.
A)insourcing
B)offshoring
C)importing
D)onshoring
E)homeshoring

Question

Quizplus · Accepted Answer

Offshoring refers to the exporting of jobs from developed countries, such as the United States, to countries where labor and other costs are lower. The main reason is labor costs. Workers in other countries earn a fraction of the wages of American workers performing the same job.

Exporting Jobs from Developed to Less Developed Countries Is Known