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? A. recession AND. inflation C. outsourcing D. depression E. deflation

Answer 1

The answer is C. Outsourcing. This is when a company obtains a service from an outside or foreign supplier, especially in place of an internal source.