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Homework answers / question archive / According to the application in the text, why can Nike shoes be produced at a lower cost in some foreign countries? A) Some foreign countries have superior technology

According to the application in the text, why can Nike shoes be produced at a lower cost in some foreign countries? A) Some foreign countries have superior technology

Economics

According to the application in the text, why can Nike shoes be produced at a lower cost in some foreign countries? A) Some foreign countries have superior technology. B) Some foreign countries are strategic allies for the home country. C) Labor costs in some foreign countries are lower than in the United States. D) Nike has no competition in some foreign countries. 
 

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Answer

C )

Explanation

The correct option is C "Labor costs in some foreign countries are lower than in the United States". Production is cheaper in countries where there is a scarcity of natural resources. 

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