If the Wages and Productivity of U

question 95

Multiple Choice

If the wages and productivity of U.S. workers are higher than those of Mexican workers, a Japanese company would:

• A) build a plant in the United States.
• B) build a plant in Mexico.
• C) be indifferent about where the plant is built.
• D) require more information before deciding where the plant is built.

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Definitions:

Standard Normal Distribution

A specific probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Z-score

A metric that depicts how far a certain value stands from the mean of a collection of values, using the unit of standard deviations for measurement.

First Quartile

The value below which 25% of the data falls, marking the lower quarter of a data set.

Quartile

A type of quantile that divides a rank-ordered dataset into four equal parts.