Suppose That the Wage Rate in Country a Is Three

question 28

Multiple Choice

Suppose that the wage rate in country A is three times the wage rate in country B. In this situation, in the context of the Classical/Ricardo trade model, country A would be able to export goods to country B in industries where

• A) A's workers were less than one-third as productive as B's workers.
• B) A's workers were equally as productive as B's workers.
• C) A's workers were less than three times as productive as B's workers.
• D) B's workers were less than one-third as productive as A's workers.

---

Definitions:

Numerical Value

A quantitative measurement or amount usually expressed as a number or a set of numbers.

Population Size

The total number of members in a defined population.

Symbols

Characters or glyphs that are used to represent objects, functions, or processes.

Population

The entire group of individuals or instances about whom the study is focused.