Flashcards
India and China
Cards in this deck (9)
- 1Americans tend to oppose outsourcing because:It leads to higher unemployment
Entire communities can be devastated
It doesn’t lead to a direct increase in the American economy - 2One consequence of India and China's development has been:An increase in the demand for oil
- 3The global marketplace has allowed:Buyers and sellers to trade over greater distances
- 4As India and China develop the world will benefit by getting:Inexpensive goods produced through cheap labor
- 5All of the following are a result of the global marketplace except: An increase in the variety of goods and services available Less efficiency in the production of manufactured goods Lower prices of goods and services Countries specializing in those goods and services that they possessed a comparative advantage in producingLess efficiency in the production of manufactured goods
- 6What do we call the practice of a firm moving its whole production plant to another country?offshoring
- 7How has the auto industry changed as a result of the global market?Buyers have seen greater diversity and lower real prices
- 8One of the challenges facing the United States as a result of the development of India and China has been:Unemployment due to job losses in manufacturing
- 9The unfortunate consequence of consumers buying inexpensive goods from retailers is:A loss of jobs to cheap labor
Information
- Description
- 11th AP Economics Flashcards on India and China , created by Sophia Grech on 12/12/2022.
- Created by
- Sophia Grech
- Views
- 0
- Rating