Concerning the Hiring of Foreign Workers by U

question 15

Multiple Choice

Concerning the hiring of foreign workers by U.S.multinational corporations,recent evidence suggests that multinationals

• A) pay a premium that reflects the desire to recruit relatively skilled workers
• B) pay an artificially low wage that reflects the desire to hire unskilled workers
• C) pay the same wage as the local manufacturing wage

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Definitions:

Economists

Professionals who study, develop, and apply theories and concepts from economics, and write about economic policy.

Health Care

The organized provision of medical services to individuals or a community, including preventive, diagnostic, therapeutic, and rehabilitative services.

Patients

Individuals receiving medical care or treatment.

Asymmetric Information

A situation in markets where one party to a transaction has more or better information than the other, often leading to inefficiencies or unfair advantages.