which of the following are potential problems caused by global competition? check all of the boxes that…

which of the following are potential problems caused by global competition? check all of the boxes that apply. companies in high - wage countries may be driven out of business. workers in high - wage countries may lose their jobs. prices for consumers could drop, making products cheaper.

which of the following are potential problems caused by global competition? check all of the boxes that apply. companies in high - wage countries may be driven out of business. workers in high - wage countries may lose their jobs. prices for consumers could drop, making products cheaper.

Answer

Answer:

  • Companies in high - wage countries may be driven out of business.
  • Workers in high - wage countries may lose their jobs.

Brief Explanations:

Global competition can lead to high - cost (high - wage) companies being outcompeted by lower - cost foreign rivals, causing business closures and job losses. Lower prices for consumers are generally seen as a benefit, not a problem.