What was one major reason U.S. companies moved some manufacturing work overseas?
Show answer and explanation
Correct answer: Lower labor costs and access to global supply chains
Many companies shifted production overseas to reduce costs and compete in global markets. Lower wages, access to suppliers, and trade agreements made offshore production attractive for some industries.
Practice all 20 Globalisation, Economy and Technology questions
Keep practicing
More Globalisation, Economy and Technology questions
- Which industry became especially important to the U.S. economy through the growth of software, semiconductors, and digital platforms?
- What was a major effect of the rise of e-commerce in the United States?
- Which term describes the economic gap between people with reliable access to modern digital technology and those without it?
- How did the Cold War contribute to technological development in the United States?
- Which development was a major result of the 1960s space race for the U.S. economy and technology?
- What role did venture capital play in the growth of Silicon Valley?