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Why does globalization give countries an incentive to reduce wages or their workers?
Lower production costs help lure foreign
What US company is the best example of using globalization to reduce the price of its products?
Walmart
Globalization strives to reduce costs by pooling production or other activities or exploiting factor costs or capabilities within a system?
true
Why do workers in developing nations coontinue to work in sweatshops?
They want to reduce the cost of manufacturing by using inexpensive labor
How will consumers react to the incentive of a higher price of good or service?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
Why does globalization give countries an incentive to reduce wages or their workers?
Lower production costs help lure foreign
Why does globalization give countries an incentive to reduce wages for workers?
Lower production costs help lure foreign investment.
Why does globalization give countries an incentive to reduce wages for their workers?
Globalization increases competition among countries for investment and market access. In order to attract foreign investment, countries may lower wages to reduce production costs and remain competitive in the global market. Additionally, companies may seek to maximize profits by outsourcing production to countries with lower labor costs, putting pressure on wages in those countries.
Does globalization reduce national sovereignty in economic policy-making?
No, globalization does not reduce national sovereignty in economic policy making. In fact, globalization has been shown to strengthen incentives for governments to create a stronger economy.
How does the electoral college reduce people incentive to vote?
good day
When workers intentionally reduce their productivity it is called a .?
When workers intentionally reduce their productivity, it is called a slowdown.
What US company is the best example of using globalization to reduce the price of its products?
Walmart
Disadvantage of globalization?
Countries and businesses must reduce wages paid to workers in order to attract foreign investment.
When workers intentionally reduce their productivity it's called an?
When workers intentionally reduce their productivity, it is called "work slowdown" or "strike tactics." This can be a form of protest or negotiation tool used by workers to address grievances or push for better conditions.
DO Many companies use variable costing for internal reporting to reduce the undesirable incentive to build up inventories?
T
How can interest rates influence AD?
reduce interest rates to increase incentive to buy/spend and hence increasing AD
Who is responsible for the incentive for Maytag to move to Mexico?
The consumers: people always looks for cheaper products, so many companies need to reduce costs unless they risk getting out of business. Countries like China or Mexico have much lower wages so these companies typically close their factories in the US and move to these countries.
