When It Comes to Location Decisions, Labor Costs Are No

question 46

True/False

When it comes to location decisions, labor costs are no longer an important consideration for most manufacturing firms.

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Definitions:

Export Subsidy

A government policy that provides financial assistance to domestic firms for exporting goods, aimed at increasing the competitiveness of domestic products in foreign markets.

Box-by-Box Inspection

A detailed checking process where each individual item or package is examined, commonly used in customs or quality control.

Excise Tax

A tax levied on specific goods, services, or transactions, often to discourage consumption of these goods or to raise revenue for government projects.

Export Supply

The total amount of goods and services a country is willing and able to sell abroad at a given price level.