In Poorer Countries, Free Trade ________ the Demand for Labour

question 120

Multiple Choice

In poorer countries, free trade ________ the demand for labour in these countries and ________ the wages paid in these countries.

• A)decreases; lowers
• B)decreases; raises
• C)increases; lowers
• D)increases; raises
• E)increases the supply and decreases; lowers

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Definitions:

Bankruptcy

A legal process for individuals or entities that cannot repay their outstanding debts, allowing for the restructuring or elimination of debt under the protection of the law.

Involuntary Bankruptcy

A legal process initiated by creditors against a debtor who is unable to pay its debts, forcing the debtor into bankruptcy proceedings.

Chapter 7

A bankruptcy provision that involves the liquidation of a debtor's non-exempt assets to pay off creditors.

Alimony Payments

are financial support payments made by one ex-spouse to the other after divorce, as mandated by the court.