If Labor in China Is Less Productive Than Labor in the United

question 69

Multiple Choice

If labor in China is less productive than labor in the United States in all areas of production, then:

• A) both the United States and China can benefit from trade.
• B) neither nation can benefit from trade.
• C) China can benefit from trade but not the United States.
• D) the United States can benefit from trade but not China

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Definitions:

European Union

A political and economic union of 27 European countries that have chosen to cooperate in areas like trade, security, and legal matters.

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