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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The unjustified refusal to fulfill the terms of a contract, thereby breaching the agreement.

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A financial calculation that determines the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

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The prevailing rental rate for properties, typically of similar type and location, determined by the current market conditions.

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