Offshoring refers to the practice of hiring workers in a foreign country by a domestic firm to produce goods or services that will be sold domestically. This is often done to take advantage of lower labor costs in the foreign country.

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Offshoring Is

Question 6

Multiple Choice

Offshoring is

A) when workers in a foreign country are hired by a domestic firm to produce something sold domestically.
B) importing a manufactured good made by a foreign firm.
C) exporting a good or service to buyers in other countries.
D) when domestic workers are hired by a domestic firm to produce something sold exclusively in other countries.

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