What are the most likely reasons a US corporation would open a factory in China?
Show China’s rise as a consumer economy has long been suspected, but recent figures have confirmed that the once export-orientated powerhouse is now much more internally focussed, creating ample opportunities for companies looking to expand abroad. What kind of advantage does a country have if it can make a product more efficiently?Absolute advantage refers to the ability of a country to produce a good more efficiently than other countries. In other words, a country that has an absolute advantage can produce a good with lower marginal cost (fewer materials, cheaper materials, in less time, with fewer workers, with cheaper workers, etc.).
How Does globalization cause the foreign sector?How does globalization cause the foreign sector to influence the economy? The foreign sector influences how imports and exports move between firms and households. more options and lower prices. mobile phones and Internet access.
How has globalization made countries more interdependent quizlet?Countries now rely on one another for vital resources. Countries now rely on each other for new industries. Countries now rely on one another for chances to import. Countries rely on each other for cheaper products.
Which is the best example of outsourcing quizlet?Which is the best example of outsourcing Quizlet? The best example of outsourcing Quizlet is when a shoe firm in the U.S. launches a factory in China and employs a Chinese workforce to manufacture the shoes.
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