Which of the Following Is an Example of the Law

question 41

Multiple Choice

Which of the following is an example of the law of one price?

• A) Exchange rates tend to have equivalent values. For example, one euro equals one U.S. dollar.
• B) Because people have essentially the same basic needs wherever they live, they tend to buy the same bundle of goods.
• C) Because wages are so much lower in China, eventually all U.S. jobs will be outsourced to China, leaving the United States to import all goods at one price.
• D) Because their countries have similar institutions, computer programmers in Germany and the United States either are or will be paid about the same.

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Definitions:

Silence

The absence of sound or the state of being quiet, often implying a lack of communication or the withholding of comment.

Constructive Expression

A mode of communication that is both positive and helpful, aiming to improve or provide valuable feedback.

Organizational Practices

The routine behaviors and standard procedures that are carried out within an organization to operate effectively.

Voice

The constructive expression of disagreement or concern about work unit or organizational practices.