The Entry of China and Other Developing Countries into the Global

question 232

Multiple Choice

The entry of China and other developing countries into the global economy ________ the value of marginal product of factory workers in the United States and ________ their wage rate.

• A) increases; lowers
• B) decreases; raises
• C) decreases; lowers
• D) increases; raises

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Definitions:

Ethnic Population

A group of people who share a common cultural background, ancestry, or national origin.

Asian Americans

A diverse group of people in the United States with ancestral roots in Asia, often studied in demographic and consumer behavior research.

Consumer Group

A cluster of individuals or households with similar needs, preferences, or purchasing behaviors, often targeted by marketers for specific products or campaigns.

Income Disparity

The unequal distribution of income among different groups of people, often leading to economic and social inequalities.