Deondre, who owns an investment firm with customers worldwide, has witnessed how dangerous global economic interdependency can b
e. During a lunch meeting, he mentioned to a customer, "In my opinion, ________ have been two negative effects of global economic interdependency for the United States." a. other countries stealing U.S. technology and the loss of well-paying jobs in the United States
b. a huge surplus of funds from global investments flowing into the United States and huge cost increases
c. fewer organizations utilizing MBO and poorer-quality goods imported from abroad
d. reduced foreign direct investment (FDI) into the United States and lower-quality goods being produced domestically
e. more expensive goods being produced domestically and bigger markets for American imports
A) other countries stealing U.S. technology and the loss of well-paying jobs in the United States
Explanation:
Industrial espionage has been a problem for many years, the Economic Espionage Act of 1996 establishes heavy fines and severe penalties for those found guilty of it (up to 15 years in jail). This type of things have occurred since many years ago, and not only in the US but in the whole world.
I personally disagree with the part of losing jobs, since each country is like a large corporation and they all compete against each other. The same as a corporation must develop comparative advantages to beat the competition, countries have to develop them also. One the greatest comparative advantages of the US is highly trained professionals. Anyone might argue that the US is losing manufacturing jobs, but we are not losing high tech jobs, we import thousands of Hindus per year because we don't have enough engineers.
other countries stealing U.S. technology and the loss of well-paying jobs in the United states
A perfectly competitive firm has a large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit in the market. The firms are price takers.
The market for electricity is not a competitive market because there are few sellers in the market and there is difficulty in entry and exit because of the high cost involved.
