Which of the Following Statements Is True

question 80

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.
• E)All of the above

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Definitions:

Shrink-Wrap Agreement

A type of contract or terms of service that is packaged within a product's packaging, considered agreed upon when the package is opened.

Click-On

A type of contract or agreement, common in software and online services, that becomes binding when a user indicates their acceptance by clicking a button or link, usually labeled "I Agree."

Goods Packaged

Refers to products that have been wrapped, boxed, or presented in some form of packaging before sale or shipment.

Uniform Electronic Transactions Act

Legislation adopted by some jurisdictions to establish legal equivalence between electronic records and signatures and their paper counterparts, facilitating the legality of digital transactions.