When a Rich Nation Buys a Product Made in a Poor

question 7

Multiple Choice

When a rich nation buys a product made in a poor nation, in the poor nation the demand for labor_________ and the wage rate_________ .

• A) increases; falls
• B) decreases; rises
• C) increases; rises
• D) decreases; falls

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Definitions:

Learning

The acquisition of knowledge or skills through experience, study, or being taught.

Percent

A mathematical term representing a part per hundred, used to describe proportions or compare quantities.

Process Visuals

Diagrams or images used to illustrate the steps in a process or how something works.

Text

Written words or content presented in a book, document, online, or other mediums.