Which of the Following Statements Is True

question 87

Multiple Choice

Which of the following statements is true?

• A) International trade raises wages in developing countries.
• B) International trade with rich industrial countries forces people in the developing countries to work for lower wages.
• C) International trade leads to job losses in both import competing industries and exporting industries.
• D) Unlike other types of international trade, offshoring does not bring any gains from trade.

Comprehend the use of Learning Management Systems (LMS) in accessing educational content.

Understand the difference between compensation systems and reward systems.

Grasp the importance of an effective compensation system to organizational success.

Identify the major components of a compensation system.

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Definitions:

Marginal Cost

The rise in production costs when one more unit of a product or service is produced.

Long-Run Equilibrium

A state in which a market or economy has adjusted to all internal and external changes and forces, resulting in no incentive for allocation or production adjustments.

Rational Criterion

A standard or principle for making decisions based on logical and coherent reasoning, aimed at achieving the best possible outcome.

Process of Entry

refers to the steps or actions that need to be taken for a new competitor to enter into an existing market.