Which term denotes relocating work and jobs to another country?

Which term denotes relocating work and jobs to another country?

• A. Equilibrium wage
• B. Fringe benefits
• C. Wage gap
• D. Offshoring

Answer: (D)

Relocating work to another country is offshoring. It means moving production or services overseas to cut costs, access cheaper labor, or leverage different regulatory or tax environments. This can happen by building facilities abroad or by contracting with foreign firms to handle parts of the business (offshore outsourcing). It differs from terms like equilibrium wage, fringe benefits, or wage gap, which relate to wages and compensation rather than where work is performed. So the best answer is offshoring.

Relocating work to another country is offshoring. It means moving production or services overseas to cut costs, access cheaper labor, or leverage different regulatory or tax environments. This can happen by building facilities abroad or by contracting with foreign firms to handle parts of the business (offshore outsourcing). It differs from terms like equilibrium wage, fringe benefits, or wage gap, which relate to wages and compensation rather than where work is performed. So the best answer is offshoring.