Which of the following best describes the international trade effect


Asked by wiki @ in Social Studies viewed by 258 People


Which of the following best describes the effect globalization has had on some American and Canadian workers? A. Many have had emigrate to follow jobs that were moved overseas. B. Many are employed by foreign companies manufacturing in North America. C. Many must pay higher prices charged for imported goods. D. Many have lost jobs because companies offshored their production.Jiskha

Answered by wiki @



Answer:

D. Many have lost jobs because companies offshored their productions.

Explanation:

The correct answer is D. Many American and Canadian workers have lost their jobs because companies offshored their productions.  

There is a process called 'job outsourcing' and it describes when companies hire foreign workers instead of American or Canadian workers. According to the U.S. Bureau of Economic Analysis (BEA), USA’s overseas affiliates employed more fourteen millions of workers only in 2015. This process, certainly, increases unemployment.


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