International business has grown rapidly in recent decades for all the following reasons EXCEPT

A. rapid expansion of technology

B. liberalization of governmental policies on cross-border movement of trade and resources

C. development of institutions to support and facilitate international trade

D. increased cost of labor in both the lesser-developed and developing countries

Answer: Option D

Solution(By Examveda Team)

International business has grown rapidly in recent decades for all the following reasons EXCEPT increased cost of labor in both the lesser-developed and developing countries. International business encompasses all commercial activities that take place to promote the transfer of goods, services, resources, people, ideas, and technologies across national boundaries.