Question : Statement 1: Outsourcing has led to job opportunities in developing countries.
Statement 2: Negative aspects of outsourcing include the loss of domestic jobs in certain industries.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true: Outsourcing has led to job opportunities in developing countries as companies often choose to outsource certain tasks or operations to countries with lower labor costs.
Statement 2 is true: Negative aspects of outsourcing include the loss of domestic jobs in certain industries, particularly in countries where outsourcing occurs. This can happen when companies relocate their operations to take advantage of lower labor costs in other countries.
Question : Statement 1: Positive aspects of globalization include increased access to foreign markets and technologies.
Statement 2: Negative aspects of globalization include cultural homogenization and job losses in certain sectors.
Question : Statement 1: Positive aspects of globalization include increased cultural exchange and diversity.
Statement 2: Negative aspects of globalization include reduced access to global markets.
Question : Statement 1: Globalization promotes cultural diversity and exchange.
Statement 2: Negative aspects of globalization include the spread of infectious diseases
Question : Statement 1: Outsourcing refers to the practice of contracting work to external organizations or individuals.
Statement 2: Outsourcing has no impact on the global economy.
Statement 2: Outsourcing has no impact on the local job market.
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