Which of the Following Statements Is True

question 65

Multiple Choice

Which of the following statements is true?

• A)International trade raises wages in developing countries.
• B)International trade leads to job losses in both import competing industries and exporting industries.
• C)International trade with rich industrial countries forces people in the developing countries to work for lower wages.
• 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:

Strategic Direction

The planned approach and set of actions that an organization intends to follow in order to achieve long-term goals and objectives.

Business Cycle

The fluctuations in economic activity that an economy experiences over time, characterized by periods of expansion and contraction.

Downward Trajectory

A trend or direction that is moving towards a lower position, level, or quality, often indicating a decline.

Human Touch

The element of personal interaction and empathy in dealings and relations, emphasizing the importance of human connection.