Which Statement Describes One Benefit of Low Foreign Wages

question 102

Multiple Choice

Which statement describes one benefit of low foreign wages?

• A) Domestic jobs are destroyed.
• B) Many domestic workers must be retrained.
• C) Domestic consumers pay lower prices.
• D) Domestic firms that compete with the imports lose profit.

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Definitions:

Ethical Problem

A situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Executive Coaching

A professional development process that helps leaders improve their performance, decision-making skills, and ability to lead and manage others effectively.

Decisions

The act of choosing between two or more courses of action in a manner that moves towards a desired goal or outcome.