The USFactor of Production That Is Most Likely to Be Made

question 39

Multiple Choice

The U.S.factor of production that is most likely to be made worse off because of NAFTA (because its factor payment will fall) is

• A)unskilled labor.
• B)skilled labor
• C)capital
• D)All of the above will be made worse off.

Apply the concept of distribution shape to appraise the range of abilities or opinions within a given sample.

Understand the purpose and application of grouped frequency distribution tables in summarizing data.

Know the best practices in selecting the number of intervals for grouped frequency distribution tables.

Understand why intervals in grouped frequency distribution tables should generally be of equal size.

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Definitions:

Dividends

Distributions to shareholders from a company, typically originating from the profits earned by the corporation.

Current Market Value

refers to the amount at which an asset or security could be bought or sold in a current transaction between willing parties.

Historical Cost

The original monetary value of an asset or liability as recorded at the time of acquisition, not adjusted for inflation or market changes.

Historical Rate of Exchange

The exchange rate that was in effect at the time of a past transaction.