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U.S. membership in the World Trade Organization has had which of these effects?

It has resulted in a steady growth in international trade. It has ...

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U.S. membership in the World Trade Organization has had which of these effects?

It has resulted in a steady growth in international trade.
It has reversed the decades-long trend towards outsourcing.
It has made the U.S. economy more vulnerable to recessions.
It has made a significant contribution to the U.S. national debt

Answer

U.S. membership in the World Trade Organization had this It has resulted in a steady growth in international trade.
A downside of this is that the trend toward outsourcing is gaining ground.
Companies prefer to outsource labor because cost of outsourced labor is cheaper than domestic labor.
This is good for the companies because their costs decrease.
However, domestic employees are becoming jobless.
They find it hard to compete with foreign laborers.
Thus unemployment rate increases.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 52 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 277 views.

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