"Exporting jobs" to low-wage nations has contributed to:
A) higher living standards in those countries that "export" the jobs.
B) higher unemployment in wealthy advanced economies such as the United States.
C) increase in the income levels in those nations that "export" the jobs.
D) lower standards of living in those countries in which the jobs are exported.
E) reduced specialization in the production of goods and services.

Question

Quizplus · Accepted Answer

Exporting jobs to low-wage nations has contributed to higher unemployment in wealthy advanced economies such as the United States. It has also led to job displacement and wage stagnation in certain sectors of the economy. While it may have resulted in increased income levels in countries that "export" the jobs, it has often come at the cost of lower standards of living for workers in those countries.

"Exporting Jobs" to Low-Wage Nations Has Contributed To