If the Hourly Wage of U

question 89

Multiple Choice

If the hourly wage of U.S. workers is $16, the hourly wage of Mexican workers is $2, and U.S. workers produce 5 times as much output per hour as Mexican workers, then, other things equal, it would be efficient to locate production facilities in:

• A) the United States since the cost per unit of output will be higher.
• B) the United States since the cost per unit of output will be lower.
• C) Mexico since the cost per unit of output will be higher.
• D) Mexico since the cost per unit of output will be lower.

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Definitions:

Decimal Places

The number of digits to the right of the decimal point in a number, indicating its precision.

Field Size

A property that defines the maximum amount of data that a field can hold in a database, such as the number of characters in a text field.

Short Text

A data type in databases designated for fields that contain letters, numbers, and characters, typically limited in length to a specified number of characters.

Field Size

The allocated space or number of characters allowed in a database field, determining the maximum amount of data it can hold.