Question

Andrea lost her job as an accountant because her company gave the contract for keeping accounts to a firm in Asia. The company did so to reduce the costs, as it could find cheap labor in the Asian countries. Andrea lost her job due to which type of economic activity? recession, inflation, outsourcing, depression, deflation

Answer 1

outsourcing

Outsourcing is when companies move their factories and such to other nations to find cheaper labor there (and possibly newer customers)

hope this helps

Answer 2

Hello!

The correct answer is outsourcing. Outsourcing occurs when companies receive goods/services from foreign suppliers in lieu of suppliers in their country.

Here, outsourcing from Asia resulted in Andrea losing her job.

Outsourcing is also the intuitive option here - the word implies sourcing coming from somewhere other than from the place in question.