Firms in a High-Wage Nation Such as the U

question 165

Multiple Choice

Firms in a high-wage nation such as the U.S. can compete effectively with imports from low-wage nations if

• A) skill levels are identical in the nations
• B) the U.S. reduces tariffs on imports
• C) low-wage nations impose tariffs on U.S. made goods
• D) labor productivity is higher in the low-wage nation
• E) labor productivity is higher in the U.S.