Q130
International business has grown rapidly in recent decades for all the following reasons EXCEPT
A.
rapid expansion of technology
B.
liberalization of governmental policies on cross-border movement of trade and resources
C.
development of institutions to support and facilitate international trade
D.
increased cost of labor in both the lesser-developed and developing countries
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
International business has grown rapidly in recent decades for all the following reasons EXCEPT increased cost of labor in both the lesser-developed and developing countries. International business encompasses all commercial activities that take place to promote the transfer of goods, services, resources, people, ideas, and technologies across national boundaries.