Which one of the following is a consequence of increased global competition?
A)the creation of new steel plants in the old industrial countries
B)the end of free-trade agreements between governments of the world
C)increased comfort level of trade unions with the consequences
D)increased anxiety among workers in the old industrial countries

Question

Quizplus · Accepted Answer

Increased global competition leads to the outsourcing of jobs and the shifting of manufacturing to countries with lower labor costs. This results in increased anxiety among workers in the old industrial countries who fear they may lose their jobs to cheaper labor abroad.

Which One of the Following Is a Consequence of Increased