According to Information Provided in the Textbook, Research by Economists

question 117

Multiple Choice

According to information provided in the textbook, research by economists Autor, Dorn, and Hanson revealed that during the period 1990 to 2007, U.S. regions that faced more competition from Chinese imports had _____________ unemployment rates and ______________ wages than U.S. regions that faced less competition from Chinese imports.

• A)lower; higher
• B)higher; lower
• C)lower; lower
• D)higher; higher

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Definitions:

Sales

The total revenue generated from the sale of goods or services.

ROI

Return on Investment; a performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Turnover

Turnover is a financial metric indicating the rate at which a company's inventory is sold and replaced over a specific period, or it can refer to the total sales volume.

Operating Expenses

Costs necessary for a company to conduct its day-to-day operations, excluding the cost of goods sold (COGS).