Question

The impact of war and terrorism on U.S. business is that:

a) there is less global trade.
b) fewer jobs will be created in the United States.
c) there are lower organizational costs for security personnel and equipment as firms are depending upon the government to provide those items.
d) companies have grown more slowly as money has been diverted to the war effort.

Answer 1

War and terrorism affect U.S. business by potentially reducing global trade, limiting job creation, increasing security costs, and slowing company growth due to diversion of funds to war efforts. Globalization and international competition also contribute to these disruptions.

Step-by-step explanation:

The impact of war and terrorism on U.S. business is multifaceted and can have various consequences such as less global trade, the creation of fewer jobs in the United States, increased organizational costs for security personnel and equipment, and companies growing more slowly as funds may be redirected to support the war effort.

Specifically, the decline in the percentage of goods and services produced by the U.S. from 1950 to the 1970s signifies a shift in the global economic landscape, which can be further influenced by wartime disruptions. International trade can be both beneficial and challenging for businesses and workers, offering opportunities for some while causing stress for others.

Furthermore, international agreements can help mitigate protectionist measures, but businesses still need to contend with both domestic and foreign competition, which can impact profitability and employment.