1. Lubnia experienced a high rate of inflation. This led to a significant rise in prices, fluctuating market conditions, and a sharp decline in investments and savings. This implies that the inflation had created a negative impact on the ______conditions in the environment of Lubnia.
A. Economic
B. Legal
C. Technological
D. Sociocultural
E. Political
2. AZB Inc., a software corporation based in the United States, used to operate from several countries with lower labor costs. When the firm started to incur high costs in in the foreign countries and received complaints and criticisms about the loss of local jobs, the firm decided to return to its home country. The change made to the firm's global strategy is an example of ________.
A. Offshoring
B. Outsourcing
C. Nationalization
D. Privatization
E. Reshoring