Which of the Following Is TRUE Regarding Trade and Wages

question 10

Multiple Choice

Which of the following is TRUE regarding trade and wages?

• A) Trade can increase wages by increasing the productivity of labor.
• B) Trade helps to equalize wages between high- and low- productivity countries.
• C) Low-productivity nations have lower wages than high-productivity nations whether they trade or not.
• D) Trade directly increases productivity, which in turn increases wages.

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Definitions:

Societal Inequalities

The unequal distribution of resources, rights, and opportunities among different social groups within a society.

Power Distance

A cultural dimension that describes the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Individualism/Collectivism

A cultural dimension reflecting the degree to which societies emphasize individual achievement and autonomy versus collective well-being and interdependence.

Western Fast-food

Quick service restaurants originating from Western countries, offering rapid service and a menu of convenient, ready-to-eat food items, often high in calories and fat.